Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sets New 52-Week High – Still a Buy?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL)’s stock price reached a new 52-week high on Thursday . The company traded as high as $22.79 and last traded at $22.76, with a volume of 58558 shares traded. The stock had previously closed at $22.72.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

The firm has a market capitalization of $655.72 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. The business has a fifty day moving average price of $22.26 and a 200 day moving average price of $22.17.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, February 12th were issued a $0.1317 dividend. This is a positive change from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the third quarter worth approximately $633,000. J.W. Cole Advisors Inc. raised its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 51.5% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 47,601 shares of the company’s stock valued at $1,031,000 after acquiring an additional 16,174 shares during the period. Wellington Shields & Co. LLC acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at $337,000. Jackson Hole Capital Partners LLC purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth $330,000. Finally, Summit Financial LLC boosted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 9.4% during the 4th quarter. Summit Financial LLC now owns 173,508 shares of the company’s stock worth $3,821,000 after purchasing an additional 14,979 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.