ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) to Issue Monthly Dividend of $0.10

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) announced a monthly dividend on Tuesday, July 28th. Investors of record on Wednesday, July 29th will be paid a dividend of 0.0981 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, July 29th. This is a 23.1% increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.08.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Down 0.1%

NYSEARCA SIXH opened at $44.14 on Wednesday. The stock has a 50-day simple moving average of $42.78 and a 200 day simple moving average of $42.14. The company has a market capitalization of $579.12 million, a PE ratio of 16.87 and a beta of 0.31. ETC 6 Meridian Hedged Equity Index Option Strategy has a 12 month low of $37.48 and a 12 month high of $44.41.

Institutional Trading of ETC 6 Meridian Hedged Equity Index Option Strategy

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the 2nd quarter worth approximately $74,000. Jane Street Group LLC acquired a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy in the fourth quarter worth $327,000. OLD Mission Capital LLC raised its holdings in ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% in the fourth quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after purchasing an additional 6,600 shares during the period. Wealth Alliance Advisory Group LLC raised its holdings in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock worth $1,578,000 after purchasing an additional 23,343 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock worth $486,199,000 after purchasing an additional 156,835 shares in the last quarter.

About ETC 6 Meridian Hedged Equity Index Option Strategy

The ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to US equities and sellscall options against SPY. SIXH was launched on May 11, 2020 and is managed by Meridian.