Kestra Advisory Services LLC Raises Stock Position in Strategy Shares Nasdaq 7HANDL Index ETF $HNDL

Kestra Advisory Services LLC boosted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) by 1,053.3% in the first quarter, HoldingsChannel reports. The firm owned 136,899 shares of the company’s stock after buying an additional 125,029 shares during the period. Kestra Advisory Services LLC’s holdings in Strategy Shares Nasdaq 7HANDL Index ETF were worth $2,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HNDL. Garton & Associates Financial Advisors LLC acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth about $25,000. Geneos Wealth Management Inc. raised its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock valued at $28,000 after buying an additional 1,200 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter valued at about $32,000. PNC Financial Services Group Inc. purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the fourth quarter worth about $35,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter worth about $172,000.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Down 0.5%

Strategy Shares Nasdaq 7HANDL Index ETF stock opened at $22.64 on Friday. The firm has a market cap of $634.60 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a 52 week low of $21.50 and a 52 week high of $23.00. The business’s 50-day moving average price is $22.77 and its 200 day moving average price is $22.47.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, July 14th were given a $0.1334 dividend. The ex-dividend date was Tuesday, July 14th. This represents a c) annualized dividend and a yield of 7.1%. This is a boost from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13.

About Strategy Shares Nasdaq 7HANDL Index ETF

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.