CP High Yield Trend ETF (NYSEARCA:HYTR) to Issue $0.09 Monthly Dividend

CP High Yield Trend ETF (NYSEARCA:HYTR) declared a monthly dividend on Thursday, February 12th. Stockholders of record on Friday, February 13th will be given a dividend of 0.0915 per share on Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, February 13th.

CP High Yield Trend ETF Trading Down 0.1%

Shares of NYSEARCA HYTR opened at $21.86 on Friday. CP High Yield Trend ETF has a 12 month low of $20.82 and a 12 month high of $22.14. The firm has a market capitalization of $240.90 million, a price-to-earnings ratio of 10.56 and a beta of 0.25. The business has a 50-day moving average of $21.79 and a 200-day moving average of $21.81.

Institutional Trading of CP High Yield Trend ETF

An institutional investor recently raised its position in CP High Yield Trend ETF stock. West Michigan Advisors LLC grew its holdings in shares of CP High Yield Trend ETF (NYSEARCA:HYTR) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,371 shares of the company’s stock after acquiring an additional 689 shares during the quarter. West Michigan Advisors LLC owned 0.09% of CP High Yield Trend ETF worth $225,000 at the end of the most recent quarter.

About CP High Yield Trend ETF

The CP High Yield Trend ETF (HYTR) is an exchange-traded fund that is based on the CP High Yield Trend index. The fund aims to reduce risk by tracking a rules-based quantitative index of US bonds that will toggling between high yield and treasuries based on momentum. HYTR was launched on Jan 21, 2020 and is managed by Counterpoint.