Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading Down 0.5% – What’s Next?

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s stock price dropped 0.5% during trading on Tuesday . The company traded as low as $27.92 and last traded at $27.92. Approximately 697 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 3,172 shares. The stock had previously closed at $28.06.

Sound Equity Dividend Income ETF Stock Performance

The firm has a market cap of $28.34 million, a P/E ratio of 15.13 and a beta of 0.67. The business’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $27.26.

Sound Equity Dividend Income ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a dividend yield of 83.0%.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

A hedge fund recently bought a new stake in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC acquired a new stake in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned 0.10% of Sound Equity Dividend Income ETF at the end of the most recent reporting period.

About Sound Equity Dividend Income ETF

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.