Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Trading Up 1% – Should You Buy?

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)’s share price were up 1% during mid-day trading on Wednesday . The company traded as high as $57.16 and last traded at $57.08. Approximately 216,206 shares changed hands during mid-day trading, an increase of 399% from the average daily volume of 43,358 shares. The stock had previously closed at $56.54.

Overlay Shares Large Cap Equity ETF Price Performance

The stock has a market capitalization of $227.18 million, a PE ratio of 24.33 and a beta of 1.14. The business’s fifty day moving average price is $53.50 and its 200-day moving average price is $53.39.

Overlay Shares Large Cap Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th were issued a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, February 25th.

Institutional Investors Weigh In On Overlay Shares Large Cap Equity ETF

An institutional investor recently raised its position in Overlay Shares Large Cap Equity ETF stock. Janney Montgomery Scott LLC boosted its stake in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,921 shares of the company’s stock after purchasing an additional 1,969 shares during the quarter. Janney Montgomery Scott LLC owned about 1.11% of Overlay Shares Large Cap Equity ETF worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Overlay Shares Large Cap Equity ETF Company Profile

The Overlay Shares Large Cap Equity ETF (OVL) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to large cap U.S. equities combined with a put spread option overlay strategy. OVL was launched on Sep 30, 2019 and is managed by Overlay Shares.