Sound Enhanced Fixed Income ETF (FXED) To Go Ex-Dividend on January 16th

Sound Enhanced Fixed Income ETF (NYSEARCA:FXED) announced a dividend on Thursday, January 15th. Investors of record on Friday, January 16th will be given a dividend of 0.04 per share on Tuesday, January 20th. This represents a dividend yield of 530.0%. The ex-dividend date of this dividend is Friday, January 16th.

Sound Enhanced Fixed Income ETF Stock Down 0.4%

Shares of FXED stock opened at $18.10 on Friday. Sound Enhanced Fixed Income ETF has a twelve month low of $16.85 and a twelve month high of $19.00. The stock’s fifty day simple moving average is $18.11 and its 200 day simple moving average is $18.31. The firm has a market capitalization of $42.17 million, a P/E ratio of 11.31 and a beta of 0.57.

Institutional Investors Weigh In On Sound Enhanced Fixed Income ETF

An institutional investor recently raised its position in Sound Enhanced Fixed Income ETF stock. Farther Finance Advisors LLC grew its holdings in shares of Sound Enhanced Fixed Income ETF (NYSEARCA:FXED) by 168.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,106 shares of the company’s stock after acquiring an additional 7,599 shares during the period. Farther Finance Advisors LLC owned about 0.49% of Sound Enhanced Fixed Income ETF worth $223,000 as of its most recent SEC filing.

About Sound Enhanced Fixed Income ETF

The Sound Enhanced Fixed Income ETF (FXED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond portfolio that seeks current income and capital appreciation with few limitations in respect to geographic, type, credit, or duration exposure. FXED was launched on Dec 30, 2020 and is managed by Tidal.