ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) to Issue $0.09 Monthly Dividend

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) announced a monthly dividend on Tuesday, January 27th. Stockholders of record on Wednesday, January 28th will be given a dividend of 0.087 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 28th.

ETC 6 Meridian Mega Cap Equity ETF Stock Up 0.4%

SIXA traded up $0.20 during trading on Wednesday, reaching $51.55. 6,369 shares of the company’s stock were exchanged, compared to its average volume of 13,039. The business has a 50 day moving average price of $50.16 and a 200 day moving average price of $49.58. ETC 6 Meridian Mega Cap Equity ETF has a fifty-two week low of $41.26 and a fifty-two week high of $51.71. The company has a market capitalization of $434.53 million, a P/E ratio of 16.86 and a beta of 0.72.

Institutional Investors Weigh In On ETC 6 Meridian Mega Cap Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SIXA. JPMorgan Chase & Co. bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter valued at $36,000. Harbour Investments Inc. acquired a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the second quarter valued at about $106,000. Perigon Wealth Management LLC bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter valued at $427,000. Osaic Holdings Inc. boosted its stake in shares of ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% in the 2nd quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock valued at $533,000 after purchasing an additional 10,016 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. acquired a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the second quarter worth $540,000.

About ETC 6 Meridian Mega Cap Equity ETF

The ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index. SIXA was launched on May 11, 2020 and is managed by Meridian.