Titleist Asset Management LLC Sells 128,478 Shares of TrueShares Low Volatility Equity Income ETF $DIVZ

Titleist Asset Management LLC trimmed its position in TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) by 21.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,188 shares of the company’s stock after selling 128,478 shares during the quarter. TrueShares Low Volatility Equity Income ETF accounts for 1.5% of Titleist Asset Management LLC’s portfolio, making the stock its 16th largest position. Titleist Asset Management LLC owned about 8.40% of TrueShares Low Volatility Equity Income ETF worth $17,399,000 at the end of the most recent reporting period.

Separately, 49 Wealth Management LLC raised its stake in shares of TrueShares Low Volatility Equity Income ETF by 16.4% in the 2nd quarter. 49 Wealth Management LLC now owns 3,055,122 shares of the company’s stock valued at $107,000,000 after buying an additional 430,496 shares in the last quarter.

TrueShares Low Volatility Equity Income ETF Stock Performance

Shares of TrueShares Low Volatility Equity Income ETF stock opened at $38.13 on Thursday. The firm’s 50-day simple moving average is $36.73 and its 200-day simple moving average is $36.21. TrueShares Low Volatility Equity Income ETF has a twelve month low of $30.37 and a twelve month high of $38.23. The firm has a market cap of $228.78 million, a P/E ratio of 17.36 and a beta of 0.65.

TrueShares Low Volatility Equity Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were issued a dividend of $0.0321 per share. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, January 29th.

About TrueShares Low Volatility Equity Income ETF

The TrueShares Low Volatility Equity Income ETF (DIVZ) is an exchange-traded fund that mostly invests in total market equity. The fund holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market. DIVZ was launched on Jan 27, 2021 and is managed by TrueShares.