Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading Up 0.9% – Here’s Why

Sound Equity Dividend Income ETF (NYSEARCA:DIVY) shares traded up 0.9% during mid-day trading on Tuesday . The stock traded as high as $28.75 and last traded at $28.75. 1,179 shares traded hands during trading, a decline of 60% from the average session volume of 2,960 shares. The stock had previously closed at $28.49.

Sound Equity Dividend Income ETF Price Performance

The firm has a market cap of $28.75 million, a price-to-earnings ratio of 15.13 and a beta of 0.66. The firm’s fifty day moving average is $28.10 and its two-hundred day moving average is $27.53.

Hedge Funds Weigh In On Sound Equity Dividend Income ETF

A hedge fund recently bought a new stake in Sound Equity Dividend Income ETF stock. Hilton Head Capital Partners LLC bought a new position in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,049 shares of the company’s stock, valued at approximately $29,000. Hilton Head Capital Partners LLC owned 0.10% of Sound Equity Dividend Income ETF as of its most recent SEC filing.

Sound Equity Dividend Income ETF Company 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.