ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Plans Monthly Dividend of $0.04

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) declared a monthly dividend on Tuesday, October 27th. Shareholders of record on Wednesday, October 28th will be given a dividend of $0.0428 per share on Friday, October 30th. This represents a $0.51 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, October 28th. This is a 32.9% decrease from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0638.

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

Shares of ETC 6 Meridian Low Beta Equity Strategy ETF stock opened at $39.85 on Wednesday. ETC 6 Meridian Low Beta Equity Strategy ETF has a fifty-two week low of $35.69 and a fifty-two week high of $40.92. The firm has a market capitalization of $205.25 million, a P/E ratio of 17.82 and a beta of 0.55. The company’s 50 day moving average price is $39.09 and its two-hundred day moving average price is $38.77.

About ETC 6 Meridian Low Beta Equity Strategy ETF

The ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of US stocks selected for fundamental factors of growth and low volatility. Securities are equally weighted. SIXL was launched on May 11, 2020 and is managed by Meridian.