PeakShares Sector Rotation ETF (NASDAQ:PSTR) Shares Up 0.6% – Still a Buy?

PeakShares Sector Rotation ETF (NASDAQ:PSTR) traded up 0.6% during mid-day trading on Tuesday . The stock traded as high as $30.24 and last traded at $30.24. 1,803 shares were traded during mid-day trading, a decline of 45% from the average session volume of 3,265 shares. The stock had previously closed at $30.07.

PeakShares Sector Rotation ETF Stock Up 0.6%

The firm has a market cap of $57.46 million, a P/E ratio of -2.41 and a beta of 0.63. The company’s 50 day simple moving average is $29.05 and its 200-day simple moving average is $29.03.

PeakShares Sector Rotation ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3594 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.8%. PeakShares Sector Rotation ETF’s dividend payout ratio (DPR) is -11.54%.

Hedge Funds Weigh In On PeakShares Sector Rotation ETF

A hedge fund recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new position in shares of PeakShares Sector Rotation ETF (NASDAQ:PSTR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 42,899 shares of the company’s stock, valued at approximately $1,230,000. Mosley Wealth Management owned 2.33% of PeakShares Sector Rotation ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About PeakShares Sector Rotation ETF

The Peakshares Sector Rotation ETF (PSTR) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide total return by actively managing a narrow portfolio of US equities. The portfolio rotates towards sectors thought to have the greatest potential for outperformance. PSTR was launched on Apr 30, 2024 and is issued by Peak.