Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Shares Down 0.1% – Here’s Why

Sound Equity Dividend Income ETF (NYSEARCA:DIVYGet Free Report) shares were down 0.1% on Thursday . The stock traded as low as $26.74 and last traded at $26.90. Approximately 421 shares traded hands during trading, a decline of 87% from the average daily volume of 3,365 shares. The stock had previously closed at $26.94.

Sound Equity Dividend Income ETF Price Performance

The firm has a market cap of $28.25 million, a price-to-earnings ratio of 15.13 and a beta of 0.74. The business has a 50-day moving average of $27.93 and a 200-day moving average of $26.66.

Sound Equity Dividend Income ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a dividend yield of 83.0%.

Institutional Trading of Sound Equity Dividend Income ETF

A hedge fund recently bought a new stake in Sound Equity Dividend Income ETF stock. Flow Traders U.S. LLC bought a new position in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVYFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,653 shares of the company’s stock, valued at approximately $200,000. Flow Traders U.S. LLC owned 0.68% of Sound Equity Dividend Income ETF at the end of the most recent quarter.

Sound Equity Dividend Income ETF Company Profile

(Get Free Report)

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.

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