ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Announces $0.05 Monthly Dividend

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) announced a monthly dividend on Tuesday, May 26th. Investors of record on Wednesday, May 27th will be paid a dividend of 0.0455 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, May 27th.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

NYSEARCA:SIXH opened at $42.25 on Wednesday. ETC 6 Meridian Hedged Equity Index Option Strategy has a 12-month low of $37.48 and a 12-month high of $43.32. The business has a 50 day simple moving average of $42.03 and a 200 day simple moving average of $40.90. The firm has a market capitalization of $546.23 million, a P/E ratio of 16.87 and a beta of 0.32.

Hedge Funds Weigh In On ETC 6 Meridian Hedged Equity Index Option Strategy

A number of hedge funds and other institutional investors have recently made changes to their positions in SIXH. HighTower Advisors LLC increased its position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock valued at $486,199,000 after buying an additional 156,835 shares in the last quarter. Wealth Alliance Advisory Group LLC lifted its holdings in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock worth $1,578,000 after acquiring an additional 23,343 shares in the last quarter. Jane Street Group LLC acquired a new position in ETC 6 Meridian Hedged Equity Index Option Strategy in the first quarter valued at about $1,272,000. OLD Mission Capital LLC increased its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% in the fourth quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after acquiring an additional 6,600 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the second quarter worth about $74,000.

About ETC 6 Meridian Hedged Equity Index Option Strategy

The ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to US equities and sellscall options against SPY. SIXH was launched on May 11, 2020 and is managed by Meridian.