ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Announces Dividend Increase – $0.12 Per Share

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) announced a monthly dividend on Monday, December 29th. Investors of record on Tuesday, December 30th will be given a dividend of 0.1242 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, December 30th. This is a 127.9% increase from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.05.

ETC 6 Meridian Mega Cap Equity ETF Stock Performance

Shares of NYSEARCA:SIXA opened at $50.37 on Tuesday. The company’s fifty day moving average is $49.49 and its two-hundred day moving average is $49.22. ETC 6 Meridian Mega Cap Equity ETF has a 1-year low of $41.26 and a 1-year high of $50.53. The stock has a market capitalization of $409.00 million, a price-to-earnings ratio of 16.86 and a beta of 0.72.

ETC 6 Meridian Mega Cap Equity ETF Company Profile

The ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index. SIXA was launched on May 11, 2020 and is managed by Meridian.