Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading 1.7% Higher – Here’s What Happened

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s stock price rose 1.7% during mid-day trading on Friday . The company traded as high as $30.10 and last traded at $30.08. Approximately 430 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 2,953 shares. The stock had previously closed at $29.58.

Sound Equity Dividend Income ETF Stock Performance

The stock has a market capitalization of $28.58 million, a price-to-earnings ratio of 15.13 and a beta of 0.66. The company has a 50 day moving average of $28.97 and a 200 day moving average of $28.22.

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 stake in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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.