Sound Income Strategies LLC Lowers Position in Sound Enhanced Fixed Income ETF $FXED

Sound Income Strategies LLC trimmed its position in shares of Sound Enhanced Fixed Income ETF (NYSEARCA:FXED) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,806,034 shares of the company’s stock after selling 46,071 shares during the quarter. Sound Enhanced Fixed Income ETF accounts for approximately 1.8% of Sound Income Strategies LLC’s portfolio, making the stock its 12th largest holding. Sound Income Strategies LLC owned about 73.72% of Sound Enhanced Fixed Income ETF worth $32,662,000 at the end of the most recent reporting period.

Sound Enhanced Fixed Income ETF Stock Performance

Sound Enhanced Fixed Income ETF stock opened at $18.10 on Friday. Sound Enhanced Fixed Income ETF has a fifty-two week low of $16.85 and a fifty-two week high of $19.00. The firm’s 50-day simple moving average is $18.20 and its 200 day simple moving average is $18.30. The stock has a market cap of $44.35 million, a PE ratio of 11.31 and a beta of 0.57.

Sound Enhanced Fixed Income ETF Profile

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.