Essential 40 Stock ETF (NASDAQ:ESN) Shares Up 0.2% – Here’s What Happened

Essential 40 Stock ETF (NASDAQ:ESN) shares were up 0.2% on Friday . The stock traded as high as $18.19 and last traded at $18.18. Approximately 26,144 shares were traded during trading, a decline of 48% from the average daily volume of 50,066 shares. The stock had previously closed at $18.15.

Essential 40 Stock ETF Stock Performance

The company has a 50-day moving average of $17.73 and a 200-day moving average of $17.20. The stock has a market cap of $213.62 million, a price-to-earnings ratio of 19.18 and a beta of 0.79.

Essential 40 Stock ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 11th were issued a dividend of $0.156 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a dividend yield of 91.0%.

Hedge Funds Weigh In On Essential 40 Stock ETF

A hedge fund recently bought a new stake in Essential 40 Stock ETF stock. Janney Montgomery Scott LLC bought a new position in shares of Essential 40 Stock ETF (NASDAQ:ESN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,643 shares of the company’s stock, valued at approximately $646,000. Janney Montgomery Scott LLC owned approximately 0.32% of Essential 40 Stock ETF at the end of the most recent quarter.

About Essential 40 Stock ETF

The Essential 40 Stock ETF (ESN) is an exchange-traded fund that is based on the Essential 40 Stock index. The fund attempts to track an index of 40 US blue-chip stocks that are deemed essential to the US economy by the index provider. Holdings are equally weighted in the index ESN was launched on Jun 11, 2014 and is issued by KKM Financial.