Touchstone Securitized Income ETF (NYSEARCA:TSEC) to Issue Monthly Dividend of $0.17

Touchstone Securitized Income ETF (NYSEARCA:TSEC) announced a monthly dividend on Monday, December 29th. Investors of record on Tuesday, December 30th will be given a dividend of 0.1679 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Tuesday, December 30th. This is a 159.5% increase from Touchstone Securitized Income ETF’s previous monthly dividend of $0.06.

Touchstone Securitized Income ETF Price Performance

NYSEARCA TSEC traded down $0.13 during trading hours on Tuesday, reaching $26.19. The company’s stock had a trading volume of 5,517 shares, compared to its average volume of 7,408. Touchstone Securitized Income ETF has a fifty-two week low of $25.58 and a fifty-two week high of $26.65. The company’s 50-day moving average is $26.24 and its two-hundred day moving average is $26.25.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. CW Advisors LLC acquired a new position in Touchstone Securitized Income ETF in the second quarter valued at $346,000. JPMorgan Chase & Co. lifted its holdings in shares of Touchstone Securitized Income ETF by 604.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,480 shares of the company’s stock worth $352,000 after acquiring an additional 11,566 shares during the period. Winebrenner Capital Management LLC boosted its position in shares of Touchstone Securitized Income ETF by 55.9% in the second quarter. Winebrenner Capital Management LLC now owns 27,580 shares of the company’s stock worth $721,000 after acquiring an additional 9,887 shares during the last quarter. Retirement Planning Group LLC grew its holdings in Touchstone Securitized Income ETF by 5.6% in the second quarter. Retirement Planning Group LLC now owns 49,339 shares of the company’s stock valued at $1,289,000 after purchasing an additional 2,627 shares during the period. Finally, Jane Street Group LLC increased its position in Touchstone Securitized Income ETF by 181.7% during the second quarter. Jane Street Group LLC now owns 73,966 shares of the company’s stock worth $1,933,000 after purchasing an additional 47,707 shares during the last quarter.

About Touchstone Securitized Income ETF

The Touchstone Securitized Income ETF (TSEC) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively managed, broad portfolio of securitized fixed income securities. The fund may tilt towards short-term, investment grade paper but the portfolio managers are not held to those requirements. TSEC was launched on Jul 17, 2023 and is issued by Touchstone.