Shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Get Free Report) fell 0.5% on Friday. The company traded as low as $27.85 and last traded at $27.95. Approximately 9,873 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 29,074 shares. The stock had previously closed at $28.08.
InfraCap Equity Income Fund ETF Stock Down 0.5%
The stock has a market capitalization of $119.63 million, a price-to-earnings ratio of 19.06 and a beta of 0.99. The company has a 50 day simple moving average of $28.62 and a 200-day simple moving average of $28.19.
Institutional Inflows and Outflows
A hedge fund recently raised its position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC boosted its stake in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP – Free Report) by 181.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,878 shares of the company’s stock after purchasing an additional 21,850 shares during the quarter. Janney Montgomery Scott LLC owned about 0.97% of InfraCap Equity Income Fund ETF worth $891,000 as of its most recent SEC filing.
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.
Further Reading
- Five stocks we like better than InfraCap Equity Income Fund ETF
- Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
- Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
- Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
- Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
Receive News & Ratings for InfraCap Equity Income Fund ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InfraCap Equity Income Fund ETF and related companies with MarketBeat.com's FREE daily email newsletter.
