Touchstone US Large Cap Focused ETF (LCF) to Issue Annual Dividend of $0.23 on December 31st

Touchstone US Large Cap Focused ETF (BATS:LCF) announced an annual dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.2309 per share on Wednesday, December 31st. This represents a dividend yield of 54.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

Touchstone US Large Cap Focused ETF Stock Up 6.8%

LCF stock opened at $42.55 on Wednesday. The company’s fifty day simple moving average is $41.96 and its 200 day simple moving average is $40.69. Touchstone US Large Cap Focused ETF has a 12-month low of $31.16 and a 12-month high of $39.73. The firm has a market cap of $53.19 million, a price-to-earnings ratio of 25.10 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Moody National Bank Trust Division raised its stake in shares of Touchstone US Large Cap Focused ETF by 19.2% during the third quarter. Moody National Bank Trust Division now owns 26,541 shares of the company’s stock valued at $1,098,000 after acquiring an additional 4,273 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Touchstone US Large Cap Focused ETF by 2.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 164,629 shares of the company’s stock worth $6,365,000 after acquiring an additional 3,476 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Touchstone US Large Cap Focused ETF by 6.4% in the second quarter. Janney Montgomery Scott LLC now owns 20,710 shares of the company’s stock valued at $801,000 after acquiring an additional 1,254 shares in the last quarter.

About Touchstone US Large Cap Focused ETF

The Touchstone US Large Cap Focused ETF (LCF) is an exchange-traded fund that mostly invests in large cap equity. The fund is a concentrated portfolio of US-listed large-cap stocks selected based on high conviction that the businesses have a sustainable competitive advantage or have a high barrier to entry in place. LCF was launched on Jul 27, 2022 and is managed by Touchstone.