ETC 6 Meridian Hedged Equity Index Option Strategy (SIXH) to Distribute Monthly Dividend of $0.10 on July 31st

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) declared a monthly dividend on Tuesday, July 28th. Stockholders of record on Wednesday, July 29th will be paid a dividend of 0.0981 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, July 29th. This is a 23.1% increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.08.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Down 1.0%

SIXH opened at $43.83 on Thursday. ETC 6 Meridian Hedged Equity Index Option Strategy has a twelve month low of $37.48 and a twelve month high of $44.41. The company has a fifty day moving average of $42.81 and a 200-day moving average of $42.17. The stock has a market cap of $576.36 million, a PE ratio of 16.87 and a beta of 0.31.

Institutional Trading of ETC 6 Meridian Hedged Equity Index Option Strategy

Large investors have recently bought and sold shares of the business. HighTower Advisors LLC raised its position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock worth $486,199,000 after acquiring an additional 156,835 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 1st quarter valued at about $1,272,000. Wealth Alliance Advisory Group LLC grew its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock worth $1,578,000 after purchasing an additional 23,343 shares during the period. OLD Mission Capital LLC grew its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% during the fourth quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after purchasing an additional 6,600 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy in the second quarter worth approximately $74,000.

ETC 6 Meridian Hedged Equity Index Option Strategy Company Profile

The ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to US equities and sellscall options against SPY. SIXH was launched on May 11, 2020 and is managed by Meridian.