Sound Enhanced Fixed Income ETF $FXED Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC lessened its holdings in shares of Sound Enhanced Fixed Income ETF (NYSEARCA:FXED) by 3.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,706,545 shares of the company’s stock after selling 66,471 shares during the quarter. Sound Enhanced Fixed Income ETF accounts for about 1.4% of Sound Income Strategies LLC’s investment portfolio, making the stock its 11th largest holding. Sound Income Strategies LLC owned approximately 0.75% of Sound Enhanced Fixed Income ETF worth $29,404,000 at the end of the most recent quarter.

Separately, Farther Finance Advisors LLC grew its stake in Sound Enhanced Fixed Income ETF by 6.2% during the fourth quarter. Farther Finance Advisors LLC now owns 12,857 shares of the company’s stock worth $230,000 after buying an additional 751 shares during the period.

Sound Enhanced Fixed Income ETF Trading Up 1.0%

NYSEARCA:FXED opened at $17.64 on Friday. The firm has a market capitalization of $40.22 million, a price-to-earnings ratio of 11.31 and a beta of 0.53. The firm’s fifty day simple moving average is $17.56 and its 200 day simple moving average is $17.71. Sound Enhanced Fixed Income ETF has a twelve month low of $17.07 and a twelve month high of $19.00.

About Sound Enhanced Fixed Income ETF

The Sound Enhanced Fixed Income ETF (FXED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond portfolio that seeks current income and capital appreciation with few limitations in respect to geographic, type, credit, or duration exposure. FXED was launched on Dec 30, 2020 and is managed by Tidal.