Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Reaches New 12-Month High – Should You Buy?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.57 and last traded at $22.5650, with a volume of 26253 shares traded. The stock had previously closed at $22.45.

Strategy Shares Nasdaq 7HANDL Index ETF Trading Up 0.6%

The firm has a market cap of $650.82 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. The stock has a 50-day moving average of $22.15 and a 200-day moving average of $22.10.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, January 14th were paid a $0.1299 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a c) annualized dividend and a dividend yield of 6.9%. This is an increase from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter valued at approximately $64,000. Atria Wealth Solutions Inc. bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at approximately $201,000. IMG Wealth Management Inc. boosted its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 11.2% in the 2nd quarter. IMG Wealth Management Inc. now owns 6,704 shares of the company’s stock valued at $145,000 after purchasing an additional 677 shares during the period. Arkadios Wealth Advisors grew its position in Strategy Shares Nasdaq 7HANDL Index ETF by 50.6% during the second quarter. Arkadios Wealth Advisors now owns 14,395 shares of the company’s stock worth $312,000 after buying an additional 4,834 shares in the last quarter. Finally, Creative Planning increased its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 11.9% during the second quarter. Creative Planning now owns 64,833 shares of the company’s stock valued at $1,404,000 after purchasing an additional 6,920 shares during the period.

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.