Sound Equity Dividend Income ETF (NYSE:DIVY) Shares Down 0.3% – Time to Sell?

Sound Equity Dividend Income ETF (NYSE:DIVY)’s stock price fell 0.3% during mid-day trading on Friday . The company traded as low as $30.98 and last traded at $31.09. Approximately 3,196 shares traded hands during trading, an increase of 16% from the average session volume of 2,767 shares. The stock had previously closed at $31.19.

Sound Equity Dividend Income ETF Trading Down 0.3%

The company has a market cap of $29.54 million, a PE ratio of 15.13 and a beta of 0.66. The firm’s fifty day moving average is $30.38 and its 200 day moving average is $28.92.

Sound Equity Dividend Income ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 30th were given a $0.039 dividend. The ex-dividend date was Thursday, July 30th. This represents a dividend yield of 307.0%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC purchased a new stake in Sound Equity Dividend Income ETF (NYSE:DIVY) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 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 at the end of the most recent quarter.

Sound Equity Dividend Income ETF Company Profile

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.