Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Shares Down 0.1% – Time to Sell?

Sound Equity Dividend Income ETF (NYSEARCA:DIVY) shares were down 0.1% during mid-day trading on Thursday . The stock traded as low as $26.74 and last traded at $26.90. Approximately 421 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 3,365 shares. The stock had previously closed at $26.94.

Sound Equity Dividend Income ETF Stock Performance

The company has a market cap of $28.25 million, a P/E ratio of 15.13 and a beta of 0.74. The firm has a 50 day moving average price of $27.93 and a two-hundred day moving average price of $26.66.

Sound Equity Dividend Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a yield of 83.0%.

Hedge Funds Weigh In On Sound Equity Dividend Income ETF

An institutional investor recently bought a new position in Sound Equity Dividend Income ETF stock. Flow Traders U.S. LLC bought a new position in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,653 shares of the company’s stock, valued at approximately $200,000. Flow Traders U.S. LLC owned approximately 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.