Strategic Equity Management Raises Stock Position in Timothy Plan High Dividend Stock ETF (NYSEARCA:TPHD)

Strategic Equity Management raised its stake in Timothy Plan High Dividend Stock ETF (NYSEARCA:TPHD) by 22.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 158,769 shares of the company’s stock after buying an additional 29,200 shares during the quarter. Timothy Plan High Dividend Stock ETF makes up approximately 2.5% of Strategic Equity Management’s portfolio, making the stock its 14th biggest holding. Strategic Equity Management’s holdings in Timothy Plan High Dividend Stock ETF were worth $5,973,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TPHD. Mascagni Wealth Management Inc. purchased a new position in shares of Timothy Plan High Dividend Stock ETF during the 4th quarter worth approximately $56,000. Midwest Capital Advisors LLC purchased a new position in shares of Timothy Plan High Dividend Stock ETF during the 4th quarter worth approximately $65,000. Centricity Wealth Management LLC purchased a new position in shares of Timothy Plan High Dividend Stock ETF during the 4th quarter worth approximately $77,000. Harbour Investments Inc. increased its stake in shares of Timothy Plan High Dividend Stock ETF by 43.0% during the 4th quarter. Harbour Investments Inc. now owns 2,438 shares of the company’s stock worth $89,000 after purchasing an additional 733 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Timothy Plan High Dividend Stock ETF by 98.1% during the 4th quarter. Jones Financial Companies Lllp now owns 3,853 shares of the company’s stock worth $140,000 after purchasing an additional 1,908 shares in the last quarter.

Timothy Plan High Dividend Stock ETF Price Performance

Shares of TPHD opened at $37.76 on Wednesday. The firm has a 50 day simple moving average of $36.12 and a 200-day simple moving average of $36.97. Timothy Plan High Dividend Stock ETF has a 1-year low of $32.60 and a 1-year high of $39.66. The stock has a market cap of $292.64 million, a price-to-earnings ratio of 18.89 and a beta of 0.83.

Timothy Plan High Dividend Stock ETF Company Profile

The Timothy Plan High Dividend Stock ETF (TPHD) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a volatility-weighted index of US high dividend large-caps screened for Christian values. TPHD was launched on Apr 29, 2019 and is managed by Timothy.