RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Raises Dividend to $0.08 Per Share

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) announced a monthly dividend on Wednesday, January 28th. Investors of record on Thursday, January 29th will be given a dividend of 0.0839 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Thursday, January 29th. This is a 28.9% increase from RH Hedged Multi-Asset Income ETF’s previous monthly dividend of $0.07.

RH Hedged Multi-Asset Income ETF Trading Down 1.4%

NYSEARCA AMAX traded down $0.12 on Thursday, hitting $8.31. The company’s stock had a trading volume of 3,531 shares, compared to its average volume of 67,074. The firm has a market cap of $49.53 million, a P/E ratio of 26.76 and a beta of 0.47. RH Hedged Multi-Asset Income ETF has a 52-week low of $7.06 and a 52-week high of $8.44. The company’s 50-day simple moving average is $8.06 and its 200 day simple moving average is $8.08.

About RH Hedged Multi-Asset Income ETF

The RH Hedged Multi-Asset Income ETF (AMAX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a global portfolio of equities and fixed income securities aiming for total return. The fund uses a market trend model to initiate periods of hedging. AMAX was launched on Oct 2, 2009 and is managed by Adaptive.