Sound Equity Dividend Income ETF (NYSEARCA:DIVY) to Issue Dividend of $0.01

Sound Equity Dividend Income ETF (NYSEARCA:DIVY) announced a dividend on Wednesday, February 11th. Investors of record on Thursday, February 12th will be given a dividend of 0.01 per share on Friday, February 13th. This represents a dividend yield of 82.0%. The ex-dividend date of this dividend is Thursday, February 12th.

Sound Equity Dividend Income ETF Trading Up 0.1%

DIVY opened at $29.16 on Thursday. The stock’s 50-day moving average price is $27.01 and its 200 day moving average price is $26.21. Sound Equity Dividend Income ETF has a 12-month low of $21.55 and a 12-month high of $29.16. The firm has a market cap of $30.62 million, a price-to-earnings ratio of 15.13 and a beta of 0.74.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

A hedge fund recently bought a new stake in Sound Equity Dividend Income ETF stock. Flow Traders U.S. LLC purchased a new stake in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,653 shares of the company’s stock, valued at approximately $200,000. Flow Traders U.S. LLC owned 0.68% of Sound Equity Dividend Income ETF as of its most recent SEC filing.

About Sound Equity Dividend Income ETF

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.