Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Stock Price Up 0.1% – Time to Buy?

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)’s stock price traded up 0.1% during trading on Wednesday . The company traded as high as $54.91 and last traded at $54.75. 96,236 shares traded hands during mid-day trading, an increase of 184% from the average session volume of 33,858 shares. The stock had previously closed at $54.69.

Overlay Shares Large Cap Equity ETF Trading Up 0.2%

The company’s fifty day moving average is $52.60 and its 200-day moving average is $53.02. The firm has a market capitalization of $220.85 million, a P/E ratio of 24.33 and a beta of 1.13.

Overlay Shares Large Cap Equity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.4655 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.86 dividend on an annualized basis and a yield of 3.4%.

Institutional Investors Weigh In On Overlay Shares Large Cap Equity ETF

A hedge fund recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. CoreCap Advisors LLC acquired a new position in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,094 shares of the company’s stock, valued at approximately $57,000.

About Overlay Shares Large Cap Equity ETF

The Overlay Shares Large Cap Equity ETF (OVL) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to large cap U.S. equities combined with a put spread option overlay strategy. OVL was launched on Sep 30, 2019 and is managed by Overlay Shares.