ETC 6 Meridian Mega Cap Equity ETF Plans Monthly Dividend of $0.02 (NYSEARCA:SIXA)

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Wednesday, February 25th will be given a dividend of 0.021 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, February 25th.

ETC 6 Meridian Mega Cap Equity ETF Trading Down 0.1%

NYSEARCA SIXA traded down $0.04 on Wednesday, hitting $54.12. 2,167 shares of the company traded hands, compared to its average volume of 13,683. The business’s 50 day moving average price is $51.64 and its 200-day moving average price is $50.22. ETC 6 Meridian Mega Cap Equity ETF has a 52-week low of $41.26 and a 52-week high of $54.18. The company has a market capitalization of $457.31 million, a price-to-earnings ratio of 16.86 and a beta of 0.72.

Institutional Trading of ETC 6 Meridian Mega Cap Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SIXA. Goldman Sachs Group Inc. bought a new position in ETC 6 Meridian Mega Cap Equity ETF in the 1st quarter worth about $768,000. Midwest Trust Co purchased a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the second quarter valued at $6,229,000. JPMorgan Chase & Co. acquired a new position in ETC 6 Meridian Mega Cap Equity ETF during the second quarter valued at $36,000. CW Advisors LLC acquired a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter worth approximately $554,000. Finally, Osaic Holdings Inc. increased its stake in shares of ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% in the 2nd quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock valued at $533,000 after purchasing an additional 10,016 shares in the last quarter.

About ETC 6 Meridian Mega Cap Equity ETF

The ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index. SIXA was launched on May 11, 2020 and is managed by Meridian.