Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Stock Price Down 0.4% – Time to Sell?

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s stock price dropped 0.4% on Monday . The company traded as low as $26.79 and last traded at $26.89. Approximately 5,236 shares traded hands during trading, an increase of 69% from the average daily volume of 3,105 shares. The stock had previously closed at $27.01.

Sound Equity Dividend Income ETF Trading Down 0.4%

The stock’s 50-day moving average price is $26.11 and its 200-day moving average price is $25.96. The stock has a market cap of $29.04 million, a price-to-earnings ratio of 15.13 and a beta of 0.74.

Institutional Trading of Sound Equity Dividend Income ETF

An institutional investor recently raised its position in Sound Equity Dividend Income ETF stock. Farther Finance Advisors LLC grew its holdings in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) by 91.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,721 shares of the company’s stock after acquiring an additional 4,632 shares during the period. Farther Finance Advisors LLC owned 0.86% of Sound Equity Dividend Income ETF worth $254,000 as of its most recent SEC filing.

About Sound Equity Dividend Income ETF

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.