Sound Income Strategies LLC Sells 47,030 Shares of Sound Equity Dividend Income ETF $DIVY

Sound Income Strategies LLC lessened its holdings in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 845,975 shares of the company’s stock after selling 47,030 shares during the period. Sound Equity Dividend Income ETF accounts for 1.1% of Sound Income Strategies LLC’s holdings, making the stock its 20th biggest holding. Sound Income Strategies LLC owned about 78.33% of Sound Equity Dividend Income ETF worth $22,819,000 as of its most recent SEC filing.

Separately, Flow Traders U.S. LLC acquired a new position in shares of Sound Equity Dividend Income ETF during the third quarter worth $200,000.

Sound Equity Dividend Income ETF Stock Performance

Shares of NYSEARCA:DIVY opened at $27.60 on Tuesday. The firm has a market cap of $27.60 million, a PE ratio of 15.13 and a beta of 0.74. The firm’s fifty day moving average is $27.97 and its 200-day moving average is $26.77. Sound Equity Dividend Income ETF has a 52 week low of $21.55 and a 52 week high of $29.26.

Sound Equity Dividend Income ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a dividend of $0.01 per share. This represents a dividend yield of 83.0%. The ex-dividend date was Thursday, February 26th.

Sound Equity Dividend Income ETF Profile

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.