InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Trading 0.5% Higher – Still a Buy?

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP)’s share price was up 0.5% on Friday . The stock traded as high as $28.71 and last traded at $28.69. Approximately 8,940 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 29,501 shares. The stock had previously closed at $28.56.

InfraCap Equity Income Fund ETF Trading Up 0.5%

The stock has a 50 day simple moving average of $28.68 and a 200-day simple moving average of $28.22. The firm has a market cap of $119.92 million, a PE ratio of 19.06 and a beta of 0.99.

Institutional Trading of InfraCap Equity Income Fund ETF

A hedge fund recently bought a new stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC bought a new stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned 0.38% of InfraCap Equity Income Fund ETF at the end of the most recent quarter.

About InfraCap Equity Income Fund ETF

The InfraCap Equity Income Fund ETF (ICAP) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to provide exposure to global stocks that pay dividends during normal market conditions. The fund seeks to maximize income and pursue total return. ICAP was launched on Dec 29, 2021 and is managed by InfraCap.