IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) Plans Dividend Increase – $0.07 Per Share

IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) declared a monthly dividend on Tuesday, March 24th, NASDAQ Dividends reports. Investors of record on Wednesday, March 25th will be given a dividend of 0.0748 per share on Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 25th. This is a 35.5% increase from IDX Dynamic Fixed Income ETF’s previous monthly dividend of $0.06.

IDX Dynamic Fixed Income ETF Stock Performance

DYFI traded down $0.03 on Wednesday, hitting $22.71. The company had a trading volume of 46,221 shares, compared to its average volume of 12,511. The stock has a fifty day simple moving average of $23.10 and a 200-day simple moving average of $23.18. IDX Dynamic Fixed Income ETF has a 52-week low of $22.23 and a 52-week high of $23.47.

Institutional Investors Weigh In On IDX Dynamic Fixed Income ETF

A hedge fund recently raised its stake in IDX Dynamic Fixed Income ETF stock. JPMorgan Chase & Co. increased its position in IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) by 1,351.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,774 shares of the company’s stock after purchasing an additional 10,963 shares during the period. JPMorgan Chase & Co. owned 0.74% of IDX Dynamic Fixed Income ETF worth $273,000 at the end of the most recent reporting period.

About IDX Dynamic Fixed Income ETF

The IDX Dynamic Fixed Income ETF (DYFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that invests broadly across various sectors of the fixed income markets around the world. Investment could include debt securities of various maturities and credit quality. DYFI was launched on Jan 10, 2024 and is issued by IDX.