ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Reaches New 52-Week High Following Dividend Announcement

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) shares reached a new 52-week high on Wednesday after the company announced a dividend. The company traded as high as $43.32 and last traded at $42.7250, with a volume of 156 shares. The stock had previously closed at $42.86.

The newly announced dividend which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.0132 per share. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, February 25th.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Performance

The company has a market capitalization of $544.63 million, a PE ratio of 16.87 and a beta of 0.37. The firm’s 50-day simple moving average is $40.60 and its 200 day simple moving average is $39.34.

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

Several hedge funds have recently bought and sold shares of SIXH. Raymond James Financial Inc. purchased a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy during the second quarter worth $74,000. Envestnet Asset Management Inc. purchased a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the second quarter valued at $229,000. Jane Street Group LLC acquired a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 4th quarter worth $327,000. OLD Mission Capital LLC raised its stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% during the 4th quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after buying an additional 6,600 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC boosted its position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock worth $1,578,000 after buying an additional 23,343 shares in the last quarter.

ETC 6 Meridian Hedged Equity Index Option Strategy Company Profile

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.