Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Trading 1% Higher – Here’s What Happened

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)’s stock price traded up 1% on Wednesday . The company traded as high as $57.16 and last traded at $57.08. 216,206 shares traded hands during mid-day trading, an increase of 399% from the average session volume of 43,358 shares. The stock had previously closed at $56.54.

Overlay Shares Large Cap Equity ETF Price Performance

The company has a market capitalization of $228.93 million, a price-to-earnings ratio of 24.33 and a beta of 1.14. The stock has a 50 day moving average price of $53.59 and a two-hundred day moving average price of $53.42.

Overlay Shares Large Cap Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th were paid a $0.4655 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.2%.

Institutional Trading of Overlay Shares Large Cap Equity ETF

An institutional investor recently raised its position in Overlay Shares Large Cap Equity ETF stock. Janney Montgomery Scott LLC grew its holdings in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,921 shares of the company’s stock after buying an additional 1,969 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.11% of Overlay Shares Large Cap Equity ETF worth $2,018,000 at the end of the most recent reporting period.

Overlay Shares Large Cap Equity ETF Company Profile

The Overlay Shares Large Cap Equity ETF (OVL) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to large cap U.S. equities combined with a put spread option overlay strategy. OVL was launched on Sep 30, 2019 and is managed by Overlay Shares.