ETC 6 Meridian Hedged Equity Index Option Strategy (SIXH) To Go Ex-Dividend on January 28th

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) declared a monthly dividend on Tuesday, January 27th. Stockholders of record on Wednesday, January 28th will be paid a dividend of 0.06 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, January 28th.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Down 0.4%

Shares of ETC 6 Meridian Hedged Equity Index Option Strategy stock opened at $40.33 on Thursday. The company has a market cap of $515.01 million, a PE ratio of 16.87 and a beta of 0.37. The company has a 50 day moving average of $39.34 and a 200-day moving average of $38.87. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1-year low of $35.00 and a 1-year high of $40.53.

Hedge Funds Weigh In On ETC 6 Meridian Hedged Equity Index Option Strategy

A number of institutional investors have recently modified their holdings of SIXH. HighTower Advisors LLC boosted its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 2.2% in the third quarter. HighTower Advisors LLC now owns 12,221,580 shares of the company’s stock valued at $472,585,000 after buying an additional 263,500 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 5.4% in the second quarter. Mainstay Capital Management LLC ADV now owns 2,537,778 shares of the company’s stock worth $97,552,000 after acquiring an additional 129,355 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 1st quarter valued at approximately $1,272,000. Janney Montgomery Scott LLC grew its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 23.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 136,978 shares of the company’s stock valued at $5,265,000 after purchasing an additional 26,103 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 2nd quarter valued at approximately $229,000.

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.