Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Shares Down 0.5% – Here’s What Happened

Shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) dropped 0.5% during trading on Tuesday . The stock traded as low as $27.92 and last traded at $27.92. Approximately 697 shares traded hands during trading, a decline of 78% from the average daily volume of 3,172 shares. The stock had previously closed at $28.06.

Sound Equity Dividend Income ETF Price Performance

The firm’s 50-day moving average is $27.69 and its 200 day moving average is $27.22. The stock has a market cap of $27.92 million, a price-to-earnings ratio of 15.13 and a beta of 0.67.

Sound Equity Dividend Income ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a yield of 83.0%.

Hedge Funds Weigh In On Sound Equity Dividend Income ETF

A hedge fund recently bought a new stake in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC acquired a new position in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned approximately 0.10% of Sound Equity Dividend Income ETF as of its most recent SEC filing.

About Sound Equity Dividend Income ETF

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.