Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Reaches New 12-Month High – What’s Next?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares reached a new 52-week high on Tuesday . The stock traded as high as $22.99 and last traded at $22.98, with a volume of 16446 shares traded. The stock had previously closed at $22.88.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The firm has a market capitalization of $649.89 million, a P/E ratio of 24.18 and a beta of 0.74. The company’s 50-day simple moving average is $22.36 and its two-hundred day simple moving average is $22.29.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, May 13th were given a $0.1336 dividend. The ex-dividend date was Wednesday, May 13th. This is a boost from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 7.0%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HNDL. Arkadios Wealth Advisors raised its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 3.6% during the 4th quarter. Arkadios Wealth Advisors now owns 14,196 shares of the company’s stock valued at $313,000 after purchasing an additional 497 shares during the period. Beam Wealth Advisors Inc. raised its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 3.0% during the 1st quarter. Beam Wealth Advisors Inc. now owns 24,188 shares of the company’s stock valued at $528,000 after purchasing an additional 705 shares during the period. Newbridge Financial Services Group Inc. raised its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 0.8% during the 3rd 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 position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1.8% during the 4th 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 bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at $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.