STF Tactical Growth & Income ETF (NASDAQ:TUGN) Shares Down 1.9% – Should You Sell?

Shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) were down 1.9% on Thursday . The company traded as low as $25.91 and last traded at $26.00. Approximately 24,490 shares were traded during trading, an increase of 10% from the average daily volume of 22,335 shares. The stock had previously closed at $26.50.

STF Tactical Growth & Income ETF Stock Performance

The firm has a market cap of $74.88 million, a price-to-earnings ratio of 32.38 and a beta of 0.70. The business has a fifty day simple moving average of $25.94 and a 200-day simple moving average of $24.59.

STF Tactical Growth & Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 22nd were paid a dividend of $0.2628 per share. The ex-dividend date of this dividend was Wednesday, October 22nd. This is an increase from STF Tactical Growth & Income ETF’s previous monthly dividend of $0.25. This represents a c) annualized dividend and a dividend yield of 12.1%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in STF Tactical Growth & Income ETF stock. Q3 Asset Management boosted its stake in shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 18.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 613,075 shares of the company’s stock after buying an additional 96,913 shares during the quarter. STF Tactical Growth & Income ETF makes up approximately 5.3% of Q3 Asset Management’s portfolio, making the stock its 2nd biggest position. Q3 Asset Management owned 22.54% of STF Tactical Growth & Income ETF worth $15,081,000 as of its most recent SEC filing.

About STF Tactical Growth & Income ETF

The STF Tactical Growth & Income ETF (TUGN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that allocates among equities, fixed income, and money markets, depending on signals derived from a proprietary algo that tracks the price action across asset classes.