PeakShares Sector Rotation ETF (NASDAQ:PSTR) Trading Down 0.3% – Here’s What Happened

PeakShares Sector Rotation ETF (NASDAQ:PSTR) shares traded down 0.3% during mid-day trading on Wednesday . The company traded as low as $30.94 and last traded at $30.98. 291 shares were traded during mid-day trading, a decline of 91% from the average session volume of 3,252 shares. The stock had previously closed at $31.08.

PeakShares Sector Rotation ETF Stock Up 0.5%

The stock has a fifty day moving average of $29.52 and a 200-day moving average of $29.26. The stock has a market capitalization of $59.32 million, a price-to-earnings ratio of -2.49 and a beta of 0.63.

PeakShares Sector Rotation ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 23rd were paid a $0.3594 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.44 dividend on an annualized basis and a yield of 4.6%. PeakShares Sector Rotation ETF’s payout ratio is currently -11.54%.

Institutional Investors Weigh In On PeakShares Sector Rotation ETF

A hedge fund recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management acquired a new stake in PeakShares Sector Rotation ETF (NASDAQ:PSTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 42,899 shares of the company’s stock, valued at approximately $1,230,000. Mosley Wealth Management owned about 2.33% of PeakShares Sector Rotation ETF at the end of the most recent quarter.

About PeakShares Sector Rotation ETF

The Peakshares Sector Rotation ETF (PSTR) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide total return by actively managing a narrow portfolio of US equities. The portfolio rotates towards sectors thought to have the greatest potential for outperformance. PSTR was launched on Apr 30, 2024 and is issued by Peak.