ATAC Credit Rotation ETF (NYSEARCA:JOJO) Increases Dividend to $0.08 Per Share

ATAC Credit Rotation ETF (NYSEARCA:JOJO) announced a monthly dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.0763 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, December 30th. This is a 42.8% increase from ATAC Credit Rotation ETF’s previous monthly dividend of $0.05.

ATAC Credit Rotation ETF Price Performance

NYSEARCA JOJO opened at $15.61 on Tuesday. The company has a market capitalization of $6.71 million, a P/E ratio of 16.64 and a beta of 0.53. ATAC Credit Rotation ETF has a 12-month low of $14.27 and a 12-month high of $15.87. The firm has a 50-day moving average price of $15.58 and a two-hundred day moving average price of $15.39.

Institutional Investors Weigh In On ATAC Credit Rotation ETF

A hedge fund recently bought a new stake in ATAC Credit Rotation ETF stock. Root Financial Partners LLC acquired a new position in shares of ATAC Credit Rotation ETF (NYSEARCA:JOJO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,300 shares of the company’s stock, valued at approximately $35,000. Root Financial Partners LLC owned 0.53% of ATAC Credit Rotation ETF at the end of the most recent reporting period.

About ATAC Credit Rotation ETF

The ATAC Credit Rotation ETF (JOJO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that toggles between corporate high-yield bonds and US Treasurys, depending on the utilities sectors performance relative to the US large-cap market. JOJO was launched on Jul 15, 2021 and is managed by ATAC.