STF Tactical Growth & Income ETF $TUGN Stock Position Lowered by Q3 Asset Management

Q3 Asset Management lessened its stake in shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 53.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 284,757 shares of the company’s stock after selling 328,318 shares during the period. STF Tactical Growth & Income ETF comprises approximately 2.5% of Q3 Asset Management’s investment portfolio, making the stock its 4th biggest holding. Q3 Asset Management owned approximately 0.10% of STF Tactical Growth & Income ETF worth $7,407,000 at the end of the most recent reporting period.

STF Tactical Growth & Income ETF Stock Down 0.3%

Shares of NASDAQ:TUGN opened at $25.59 on Wednesday. The business’s 50 day moving average is $25.67 and its 200 day moving average is $25.53. The stock has a market cap of $71.14 million, a P/E ratio of 32.38 and a beta of 0.70. STF Tactical Growth & Income ETF has a 52-week low of $18.60 and a 52-week high of $27.05.

STF Tactical Growth & Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.2541 per share. The ex-dividend date was Wednesday, December 24th. This represents a c) annualized dividend and a dividend yield of 11.9%.

STF Tactical Growth & Income ETF Company Profile

The STF Tactical Growth & Income ETF (TUGN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that allocates among equities, fixed income, and money markets, depending on signals derived from a proprietary algo that tracks the price action across asset classes. The fund employs an option spread strategy to potentially increase the funds returns TUGN was launched on May 19, 2022 and is managed by STF.