Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Reaches New 12-Month High – Here’s Why

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.00 and last traded at $23.00, with a volume of 210 shares changing hands. The stock had previously closed at $22.68.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The stock has a 50-day moving average of $22.70 and a 200 day moving average of $22.53. The stock has a market capitalization of $639.21 million, a price-to-earnings ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, July 14th were paid a $0.1334 dividend. This is a boost from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Institutional Investors Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

Several institutional investors have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock valued at $28,000 after acquiring an additional 1,200 shares during the last quarter. Bank of America Corp DE bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter valued at approximately $32,000. PNC Financial Services Group Inc. acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth $35,000. Finally, Raymond James Financial Inc. acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth $172,000.

About Strategy Shares Nasdaq 7HANDL Index ETF

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.