STF Tactical Growth & Income ETF to Issue Monthly Dividend of $0.25 (NASDAQ:TUGN)

STF Tactical Growth & Income ETF (NASDAQ:TUGN) announced a monthly dividend on Tuesday, December 23rd. Shareholders of record on Wednesday, December 24th will be paid a dividend of 0.2541 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Wednesday, December 24th.

STF Tactical Growth & Income ETF Price Performance

NASDAQ TUGN traded down $0.26 on Wednesday, hitting $25.55. 4,232 shares of the company’s stock were exchanged, compared to its average volume of 23,305. The firm has a market cap of $73.57 million, a price-to-earnings ratio of 32.38 and a beta of 0.70. The firm’s 50-day moving average price is $25.91 and its two-hundred day moving average price is $25.36. STF Tactical Growth & Income ETF has a fifty-two week low of $18.60 and a fifty-two week high of $27.05.

Institutional Investors Weigh In On STF Tactical Growth & Income ETF

An institutional investor recently raised its position in STF Tactical Growth & Income ETF stock. Q3 Asset Management grew 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 SEC. The institutional investor owned 613,075 shares of the company’s stock after purchasing an additional 96,913 shares during the period. STF Tactical Growth & Income ETF makes up about 5.3% of Q3 Asset Management’s holdings, making the stock its 2nd largest position. Q3 Asset Management owned about 22.54% of STF Tactical Growth & Income ETF worth $15,081,000 as of its most recent filing with the SEC.

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. The fund employs an option spread strategy to potentially increase the funds returns TUGN was launched on May 19, 2022 and is managed by STF.