USCF Dividend Income Fund (NYSEARCA:UDI) Plans Monthly Dividend of $0.07

USCF Dividend Income Fund (NYSEARCA:UDI) announced a monthly dividend on Tuesday, June 23rd. Shareholders of record on Wednesday, June 24th will be paid a dividend of 0.0734 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 24th. This is a 46.2% increase from USCF Dividend Income Fund’s previous monthly dividend of $0.05.

USCF Dividend Income Fund Stock Performance

NYSEARCA UDI opened at $35.60 on Wednesday. The firm has a 50 day simple moving average of $34.78 and a 200-day simple moving average of $33.86. USCF Dividend Income Fund has a one year low of $29.45 and a one year high of $35.97. The firm has a market cap of $7.83 million, a price-to-earnings ratio of 14.93 and a beta of 0.68.

Institutional Investors Weigh In On USCF Dividend Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. grew its stake in shares of USCF Dividend Income Fund by 19.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 58,384 shares of the company’s stock worth $1,883,000 after acquiring an additional 9,521 shares in the last quarter. Walkner Condon Financial Advisors LLC acquired a new stake in shares of USCF Dividend Income Fund in the fourth quarter valued at $231,000. Finally, Kestra Advisory Services LLC purchased a new position in USCF Dividend Income Fund in the fourth quarter valued at $44,000.

About USCF Dividend Income Fund

The USCF ESG Dividend Income Fund (UDI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in US exchange-traded, dividend-paying companies that meet the funds financial and ESG criteria. UDI was launched on Jun 8, 2022 and is managed by USCF Advisers.