Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) to Issue $0.90 Monthly Dividend

Roundhill S&P 500 Target 20 Managed Distribution ETF (NYSEARCA:XPAY) announced a monthly dividend on Friday, January 9th. Shareholders of record on Wednesday, January 14th will be given a dividend of 0.8995 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 19.7%. The ex-dividend date of this dividend is Wednesday, January 14th.

Roundhill S&P 500 Target 20 Managed Distribution ETF Stock Performance

NYSEARCA:XPAY opened at $54.84 on Monday. Roundhill S&P 500 Target 20 Managed Distribution ETF has a fifty-two week low of $44.53 and a fifty-two week high of $58.64. The company’s 50-day simple moving average is $54.35 and its 200-day simple moving average is $54.51.

Institutional Trading of Roundhill S&P 500 Target 20 Managed Distribution ETF

A number of hedge funds have recently added to or reduced their stakes in XPAY. Wolverine Trading LLC purchased a new position in Roundhill S&P 500 Target 20 Managed Distribution ETF in the third quarter valued at $1,847,000. Jane Street Group LLC boosted its position in Roundhill S&P 500 Target 20 Managed Distribution ETF by 189.3% during the first quarter. Jane Street Group LLC now owns 11,127 shares of the company’s stock worth $576,000 after purchasing an additional 7,281 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Roundhill S&P 500 Target 20 Managed Distribution ETF in the third quarter valued at approximately $316,000.

About Roundhill S&P 500 Target 20 Managed Distribution ETF

The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy. XPAY was launched on Oct 31, 2024 and is issued by Roundhill.