Swan Hedged Equity US Large Cap ETF (BATS:HEGD) Trading Down 0.5% – Should You Sell?

Swan Hedged Equity US Large Cap ETF (BATS:HEGD)’s share price dropped 0.5% during mid-day trading on Friday . The company traded as low as $26.56 and last traded at $26.62. 48,679 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 112,378 shares. The stock had previously closed at $26.76.

Swan Hedged Equity US Large Cap ETF Stock Down 0.5%

The business’s 50-day moving average price is $26.67 and its 200 day moving average price is $25.82. The company has a market capitalization of $483.42 million, a P/E ratio of 25.32 and a beta of 0.55.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Swan Hedged Equity US Large Cap ETF by 27.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,866 shares of the company’s stock valued at $185,000 after purchasing an additional 1,689 shares in the last quarter. Mosaic Family Wealth Partners LLC purchased a new stake in shares of Swan Hedged Equity US Large Cap ETF in the fourth quarter worth $230,000. Integrated Wealth Concepts LLC raised its position in shares of Swan Hedged Equity US Large Cap ETF by 6.7% in the third quarter. Integrated Wealth Concepts LLC now owns 14,233 shares of the company’s stock worth $355,000 after buying an additional 889 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Swan Hedged Equity US Large Cap ETF during the second quarter valued at $1,478,000. Finally, Baird Financial Group Inc. boosted its stake in Swan Hedged Equity US Large Cap ETF by 60.5% during the second quarter. Baird Financial Group Inc. now owns 73,253 shares of the company’s stock valued at $1,721,000 after buying an additional 27,617 shares during the period.

Swan Hedged Equity US Large Cap ETF Company Profile

The Swan Hedged Equity US Large Cap ETF (HEGD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides hedged exposure to US large-cap companies using ETFs and options. HEGD was launched on Dec 22, 2020 and is managed by Swan.