Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) Raises Dividend to $0.08 Per Share

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) announced a dividend on Thursday, December 18th. Stockholders of record on Friday, December 19th will be paid a dividend of 0.08 per share on Monday, December 22nd. This represents a dividend yield of 2,538.0%. The ex-dividend date of this dividend is Friday, December 19th. This is a 1.3% increase from Nicholas Global Equity and Income ETF’s previous dividend of $0.08.

Nicholas Global Equity and Income ETF Stock Up 2.1%

NYSEARCA:GIAX opened at $16.39 on Friday. The stock has a fifty day simple moving average of $17.16 and a 200 day simple moving average of $17.50. The firm has a market capitalization of $70.15 million, a price-to-earnings ratio of 24.80 and a beta of 1.01. Nicholas Global Equity and Income ETF has a 1-year low of $14.20 and a 1-year high of $19.52.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nicholas Global Equity and Income ETF stock. OLD Mission Capital LLC purchased a new stake in shares of Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,245 shares of the company’s stock, valued at approximately $480,000. OLD Mission Capital LLC owned 0.93% of Nicholas Global Equity and Income ETF at the end of the most recent reporting period.

About Nicholas Global Equity and Income ETF

The Nicholas Global Equity and Income ETF (GIAX) is an exchange-traded fund that mostly invests in total market equity. The fund invests in globally listed stocks of index-tracking ETFs while employing a daily credit call spread strategy. The actively managed fund-of-funds primarily seeks high current income and, secondarily, capital appreciation.