TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) Announces Monthly Dividend of $0.03

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) announced a monthly dividend on Wednesday, January 28th. Shareholders of record on Thursday, January 29th will be paid a dividend of 0.0321 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, January 29th.

TrueShares Low Volatility Equity Income ETF Trading Down 0.3%

NYSEARCA DIVZ opened at $37.32 on Thursday. TrueShares Low Volatility Equity Income ETF has a 1 year low of $30.37 and a 1 year high of $37.47. The company has a market cap of $221.68 million, a PE ratio of 17.36 and a beta of 0.65. The stock’s 50-day moving average price is $36.53 and its two-hundred day moving average price is $36.12.

Institutional Investors Weigh In On TrueShares Low Volatility Equity Income ETF

A hedge fund recently raised its stake in TrueShares Low Volatility Equity Income ETF stock. 49 Wealth Management LLC raised its holdings in shares of TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,055,122 shares of the company’s stock after purchasing an additional 430,496 shares during the period. TrueShares Low Volatility Equity Income ETF comprises about 11.0% of 49 Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. 49 Wealth Management LLC owned approximately 59.90% of TrueShares Low Volatility Equity Income ETF worth $107,000,000 as of its most recent SEC filing.

TrueShares Low Volatility Equity Income ETF Company Profile

The TrueShares Low Volatility Equity Income ETF (DIVZ) is an exchange-traded fund that mostly invests in total market equity. The fund holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market. DIVZ was launched on Jan 27, 2021 and is managed by TrueShares.