Reality Shares Nasdaq NexGen Economy ETF (NASDAQ:BLCN) shot up 10.1% during trading on Tuesday following a dividend announcement from the company. The stock traded as high as $20.91 and last traded at $20.86, 26,100 shares traded hands during mid-day trading. An increase of 80% from the average session volume of 14,498 shares. The stock had previously closed at $18.94.

The newly announced dividend which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 25th will be given a $0.042 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.17 annualized dividend and a yield of 0.80%.

The company’s 50 day moving average price is $24.12 and its two-hundred day moving average price is $24.55.

Several hedge funds have recently modified their holdings of BLCN. AlphaCore Capital LLC purchased a new position in Reality Shares Nasdaq NexGen Economy ETF during the fourth quarter valued at $519,000. Sunbelt Securities Inc. purchased a new stake in Reality Shares Nasdaq NexGen Economy ETF in the fourth quarter worth about $3,562,000. Parallel Advisors LLC raised its stake in shares of Reality Shares Nasdaq NexGen Economy ETF by 35.4% in the fourth quarter. Parallel Advisors LLC now owns 1,918 shares of the company’s stock worth $49,000 after buying an additional 501 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Reality Shares Nasdaq NexGen Economy ETF by 3.6% in the fourth quarter. Raymond James & Associates now owns 12,847 shares of the company’s stock worth $329,000 after buying an additional 445 shares during the period.

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