Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) Trading 0.1% Higher – Still a Buy?

Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME)’s share price traded up 0.1% on Thursday . The stock traded as high as $25.01 and last traded at $24.98. 1,979 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 3,196 shares. The stock had previously closed at $24.96.

Clockwise Core Equity & Innovation ETF Stock Up 0.1%

The company has a market capitalization of $23.25 million, a price-to-earnings ratio of -833.33 and a beta of 1.02. The business has a 50-day moving average price of $24.72 and a 200-day moving average price of $24.90.

Clockwise Core Equity & Innovation ETF Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were paid a $0.1862 dividend. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 75.0%. Clockwise Core Equity & Innovation ETF’s dividend payout ratio (DPR) is presently -14,700.00%.

Institutional Trading of Clockwise Core Equity & Innovation ETF

An institutional investor recently bought a new position in Clockwise Core Equity & Innovation ETF stock. Betterment LLC acquired a new stake in Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,487 shares of the company’s stock, valued at approximately $216,000. Betterment LLC owned about 0.91% of Clockwise Core Equity & Innovation ETF as of its most recent filing with the SEC. Institutional investors and hedge funds own 89.28% of the company’s stock.

About Clockwise Core Equity & Innovation ETF

The Clockwise Capital Innovation ETF (TIME) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed and aims to invest in domestic companies that best utilize 5G internet and cloud-based products and services. TIME was launched on Jan 27, 2022 and is managed by Clockwise Capital.