Sound Income Strategies LLC Trims Holdings in Sound Equity Dividend Income ETF $DIVY

Sound Income Strategies LLC trimmed its holdings in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) by 6.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 790,244 shares of the company’s stock after selling 55,731 shares during the quarter. Sound Equity Dividend Income ETF comprises approximately 1.1% of Sound Income Strategies LLC’s holdings, making the stock its 23rd largest holding. Sound Income Strategies LLC owned about 0.79% of Sound Equity Dividend Income ETF worth $21,751,000 at the end of the most recent quarter.

Separately, Hilton Head Capital Partners LLC purchased a new stake in Sound Equity Dividend Income ETF in the 1st quarter worth approximately $29,000.

Sound Equity Dividend Income ETF Stock Performance

DIVY stock opened at $29.59 on Friday. Sound Equity Dividend Income ETF has a one year low of $24.84 and a one year high of $29.59. The firm has a market cap of $29.59 million, a PE ratio of 15.13 and a beta of 0.66. The firm’s fifty day moving average is $28.46 and its 200 day moving average is $27.87.

Sound Equity Dividend Income ETF Company Profile

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.