Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Reaches New 1-Year High Following Dividend Announcement

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $23.00 and last traded at $23.00, with a volume of 210 shares traded. The stock had previously closed at $22.68.

The newly announced dividend which will be paid on Friday, August 14th. Investors of record on Thursday, August 13th will be issued a $0.1324 dividend. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, August 13th.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Up 0.1%

The company’s fifty day moving average is $22.69 and its two-hundred day moving average is $22.54. The firm has a market capitalization of $638.93 million, a price-to-earnings ratio of 24.18 and a beta of 0.73.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HNDL. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter worth $25,000. Geneos Wealth Management Inc. lifted its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock valued at $28,000 after buying an additional 1,200 shares during the period. Bank of America Corp DE acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter valued at about $32,000. PNC Financial Services Group Inc. bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter worth about $35,000. Finally, Raymond James Financial Inc. bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter worth about $172,000.

About Strategy Shares Nasdaq 7HANDL Index ETF

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.