Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Stock Price Down 0.1% – Time to Sell?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $22.16 and last traded at $22.22. 40,044 shares were traded during mid-day trading, a decline of 48% from the average session volume of 77,602 shares. The stock had previously closed at $22.24.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Down 0.1%

The stock has a market cap of $641.05 million, a P/E ratio of 24.18 and a beta of 0.73. The business’s 50-day simple moving average is $22.14 and its two-hundred day simple moving average is $22.09.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, January 14th were issued a $0.1299 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This is an increase from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock worth $28,000 after buying an additional 1,200 shares in the last quarter. Bank of America Corp DE bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter valued at $32,000. Ameritas Advisory Services LLC purchased a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at $64,000. IMG Wealth Management Inc. increased its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 11.2% in the second quarter. IMG Wealth Management Inc. now owns 6,704 shares of the company’s stock worth $145,000 after purchasing an additional 677 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter worth $172,000.

Strategy Shares Nasdaq 7HANDL Index ETF Company Profile

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.