Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Reaches New 1-Year High – Still a Buy?

Shares of Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) hit a new 52-week high on Thursday . The company traded as high as $22.90 and last traded at $22.89, with a volume of 97240 shares changing hands. The stock had previously closed at $22.78.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The firm’s 50-day moving average price is $22.32 and its 200-day moving average price is $22.26. The company has a market cap of $647.62 million, a price-to-earnings ratio of 24.18 and a beta of 0.74.

Strategy Shares Nasdaq 7HANDL Index ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, April 14th were issued a $0.1303 dividend. The ex-dividend date was Tuesday, April 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arkadios Wealth Advisors grew its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 3.6% in the fourth quarter. Arkadios Wealth Advisors now owns 14,196 shares of the company’s stock valued at $313,000 after buying an additional 497 shares in the last quarter. Beam Wealth Advisors Inc. boosted its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 3.0% in the 1st quarter. Beam Wealth Advisors Inc. now owns 24,188 shares of the company’s stock worth $528,000 after acquiring an additional 705 shares during the period. Newbridge Financial Services Group Inc. raised its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 0.8% during the third quarter. Newbridge Financial Services Group Inc. now owns 98,884 shares of the company’s stock valued at $2,203,000 after purchasing an additional 775 shares during the period. OxenFree Capital LLC raised its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1.8% during the fourth quarter. OxenFree Capital LLC now owns 43,989 shares of the company’s stock valued at $969,000 after purchasing an additional 783 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter worth $25,000.

About Strategy Shares Nasdaq 7HANDL Index ETF

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.