Sound Equity Dividend Income ETF (NYSE:DIVY) Shares Down 0.3% – Here’s What Happened

Shares of Sound Equity Dividend Income ETF (NYSE:DIVY) were down 0.3% on Friday . The company traded as low as $30.98 and last traded at $31.09. Approximately 3,196 shares were traded during trading, an increase of 16% from the average session volume of 2,767 shares. The stock had previously closed at $31.19.

Sound Equity Dividend Income ETF Stock Performance

The stock has a market cap of $29.54 million, a P/E ratio of 15.13 and a beta of 0.66. The company has a 50-day simple moving average of $30.38 and a 200-day simple moving average of $28.92.

Sound Equity Dividend Income ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, July 31st. Investors of record on Thursday, July 30th were given a dividend of $0.039 per share. The ex-dividend date was Thursday, July 30th. This represents a yield of 307.0%.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

An institutional investor recently bought a new position in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC bought a new position in shares of Sound Equity Dividend Income ETF (NYSE:DIVY) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned approximately 0.10% of Sound Equity Dividend Income ETF at the end of the most recent quarter.

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.