STF Tactical Growth & Income ETF (NASDAQ:TUGN) Plans $0.25 Monthly Dividend

STF Tactical Growth & Income ETF (NASDAQ:TUGN) announced a monthly dividend on Wednesday, February 25th. Shareholders of record on Thursday, February 26th will be paid a dividend of 0.2451 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date is Thursday, February 26th.

STF Tactical Growth & Income ETF Stock Down 2.5%

Shares of TUGN stock traded down $0.61 during trading hours on Thursday, hitting $24.19. 943 shares of the company’s stock were exchanged, compared to its average volume of 18,667. The firm has a market cap of $65.79 million, a P/E ratio of 32.38 and a beta of 0.70. The firm has a 50 day moving average of $25.17 and a two-hundred day moving average of $25.55. STF Tactical Growth & Income ETF has a fifty-two week low of $18.60 and a fifty-two week high of $27.05.

Hedge Funds Weigh In On STF Tactical Growth & Income ETF

A hedge fund recently raised its stake in STF Tactical Growth & Income ETF stock. Q3 Asset Management lifted its stake in shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 18.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 613,075 shares of the company’s stock after purchasing an additional 96,913 shares during the period. STF Tactical Growth & Income ETF comprises 5.3% of Q3 Asset Management’s investment portfolio, making the stock its 2nd biggest position. Q3 Asset Management owned about 22.54% of STF Tactical Growth & Income ETF worth $15,081,000 as of its most recent filing with the Securities & Exchange Commission.

About STF Tactical Growth & Income ETF

The STF Tactical Growth & Income ETF (TUGN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that allocates among equities, fixed income, and money markets, depending on signals derived from a proprietary algo that tracks the price action across asset classes. The fund employs an option spread strategy to potentially increase the funds returns TUGN was launched on May 19, 2022 and is managed by STF.