ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) to Issue Monthly Dividend of $0.12

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) announced a monthly dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.1242 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, December 30th. This is a 127.9% increase from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.05.

ETC 6 Meridian Mega Cap Equity ETF Stock Performance

Shares of NYSEARCA:SIXA opened at $50.37 on Tuesday. The company has a market capitalization of $409.00 million, a P/E ratio of 16.86 and a beta of 0.72. ETC 6 Meridian Mega Cap Equity ETF has a fifty-two week low of $41.26 and a fifty-two week high of $50.53. The company’s 50-day moving average is $49.49 and its 200 day moving average is $49.22.

Hedge Funds Weigh In On ETC 6 Meridian Mega Cap Equity ETF

Several hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at $36,000. Harbour Investments Inc. purchased a new position in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at about $106,000. Perigon Wealth Management LLC bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the third quarter valued at about $427,000. Osaic Holdings Inc. lifted its holdings in shares of ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% in the second quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock worth $533,000 after buying an additional 10,016 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the second quarter valued at approximately $540,000.

About ETC 6 Meridian Mega Cap Equity ETF

The ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index. SIXA was launched on May 11, 2020 and is managed by Meridian.