ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) to Issue Monthly Dividend of $0.05

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Wednesday, February 25th will be given a dividend of 0.0533 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, February 25th.

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

Shares of ETC 6 Meridian Low Beta Equity Strategy ETF stock traded down $0.21 during midday trading on Wednesday, hitting $39.10. The company had a trading volume of 527 shares, compared to its average volume of 4,303. ETC 6 Meridian Low Beta Equity Strategy ETF has a 1-year low of $34.20 and a 1-year high of $39.31. The business’s 50 day simple moving average is $37.81 and its two-hundred day simple moving average is $37.14. The stock has a market cap of $196.69 million, a PE ratio of 17.82 and a beta of 0.62.

About ETC 6 Meridian Low Beta Equity Strategy ETF

The ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of US stocks selected for fundamental factors of growth and low volatility. Securities are equally weighted. SIXL was launched on May 11, 2020 and is managed by Meridian.