Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading Up 0.9% – Here’s What Happened

Sound Equity Dividend Income ETF (NYSEARCA:DIVY) was up 0.9% during trading on Tuesday . The company traded as high as $28.75 and last traded at $28.75. Approximately 1,179 shares traded hands during trading, a decline of 60% from the average daily volume of 2,960 shares. The stock had previously closed at $28.49.

Sound Equity Dividend Income ETF Trading Up 1.4%

The company has a market cap of $29.14 million, a price-to-earnings ratio of 15.13 and a beta of 0.66. The stock’s 50 day moving average price is $28.17 and its 200 day moving average price is $27.58.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

An institutional investor recently bought a new position in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC purchased a new position in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned about 0.10% of Sound Equity Dividend Income ETF at the end of the most recent reporting period.

Sound Equity Dividend Income ETF Company Profile

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.