Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Reaches New 52-Week Low – Should You Sell?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares hit a new 52-week low on Tuesday. The stock traded as low as $21.51 and last traded at $21.55, with a volume of 69372 shares changing hands. The stock had previously closed at $21.63.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The stock has a market capitalization of $618.34 million, a PE ratio of 24.18 and a beta of 0.73. The business’s fifty day moving average price is $22.43 and its 200-day moving average price is $22.50.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, September 14th were issued a dividend of $0.1291 per share. This is a drop from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1324. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.55 dividend on an annualized basis and a yield of 7.2%.

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

Several large investors have recently added to or reduced their stakes in HNDL. Asset Allocation Strategies LLC boosted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.1% during the 2nd quarter. Asset Allocation Strategies LLC now owns 16,960 shares of the company’s stock valued at $387,000 after buying an additional 662 shares in the last quarter. Beam Wealth Advisors Inc. increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 3.0% in the 1st quarter. Beam Wealth Advisors Inc. now owns 24,188 shares of the company’s stock worth $528,000 after acquiring an additional 705 shares in the last quarter. NFSG Corp lifted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 1.6% during the 1st quarter. NFSG Corp now owns 105,459 shares of the company’s stock valued at $2,303,000 after acquiring an additional 1,709 shares during the period. Arkadios Wealth Advisors lifted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 14.2% during the 1st quarter. Arkadios Wealth Advisors now owns 16,217 shares of the company’s stock valued at $354,000 after acquiring an additional 2,021 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter worth about $47,000.

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.