Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading Up 0.1% – Time to Buy?

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s share price was up 0.1% during trading on Friday . The stock traded as high as $31.23 and last traded at $31.19. Approximately 1,639 shares traded hands during trading, a decline of 42% from the average daily volume of 2,820 shares. The stock had previously closed at $31.17.

Sound Equity Dividend Income ETF Stock Performance

The stock has a fifty day simple moving average of $29.67 and a two-hundred day simple moving average of $28.62. The stock has a market cap of $29.63 million, a PE ratio of 15.13 and a beta of 0.66.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

A hedge fund recently bought a new stake in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC purchased a new position in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned 0.10% of Sound Equity Dividend Income ETF at the end of the most recent reporting period.

Sound Equity Dividend Income ETF Company Profile

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.