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

Shares of Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) hit a new 52-week high during trading on Tuesday . The stock traded as high as $22.99 and last traded at $22.98, with a volume of 16446 shares trading hands. The stock had previously closed at $22.88.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

The stock has a market capitalization of $649.89 million, a P/E ratio of 24.18 and a beta of 0.74. The company’s 50-day moving average price is $22.36 and its 200 day moving average price is $22.29.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, May 13th were issued a $0.1336 dividend. The ex-dividend date was Wednesday, May 13th. This represents a c) dividend on an annualized basis and a yield of 7.0%. This is an increase from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arkadios Wealth Advisors increased its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 14.2% in 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 last quarter. Independent Financial Group LLC bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the 1st quarter valued at $254,000. NFSG Corp increased its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 1.6% in 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 last quarter. Sanctuary Advisors LLC increased its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 27.0% in the 1st quarter. Sanctuary Advisors LLC now owns 47,466 shares of the company’s stock valued at $1,037,000 after acquiring an additional 10,096 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the 1st quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock valued at $2,990,000 after acquiring an additional 125,029 shares during the last quarter.

Strategy Shares Nasdaq 7HANDL Index ETF Company Profile

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.