STF Tactical Growth & Income ETF (NASDAQ:TUGN) Plans $0.23 Monthly Dividend

STF Tactical Growth & Income ETF (NASDAQ:TUGN) announced a monthly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 26th will be paid a dividend of 0.2343 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Thursday, March 26th.

STF Tactical Growth & Income ETF Trading Down 3.1%

TUGN traded down $0.74 during trading on Thursday, hitting $22.87. The company’s stock had a trading volume of 14,749 shares, compared to its average volume of 20,987. The firm has a market capitalization of $62.21 million, a price-to-earnings ratio of 32.38 and a beta of 0.70. STF Tactical Growth & Income ETF has a twelve month low of $18.60 and a twelve month high of $27.05. The business’s fifty day simple moving average is $24.54 and its 200 day simple moving average is $25.39.

Institutional Investors Weigh In On STF Tactical Growth & Income ETF

A hedge fund recently raised its stake in STF Tactical Growth & Income ETF stock. Q3 Asset Management increased its stake in shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 18.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 613,075 shares of the company’s stock after purchasing an additional 96,913 shares during the period. STF Tactical Growth & Income ETF accounts for approximately 5.3% of Q3 Asset Management’s investment portfolio, making the stock its 2nd biggest position. Q3 Asset Management owned approximately 22.54% of STF Tactical Growth & Income ETF worth $15,081,000 at the end of the most recent reporting period.

About STF Tactical Growth & Income ETF

The STF Tactical Growth & Income ETF (TUGN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that allocates among equities, fixed income, and money markets, depending on signals derived from a proprietary algo that tracks the price action across asset classes. The fund employs an option spread strategy to potentially increase the funds returns TUGN was launched on May 19, 2022 and is managed by STF.