Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Stock Price Up 1.7% – Still a Buy?

Shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) traded up 1.7% during trading on Friday . The company traded as high as $30.10 and last traded at $30.08. 430 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,953 shares. The stock had previously closed at $29.58.

Sound Equity Dividend Income ETF Trading Up 1.7%

The company has a market capitalization of $28.58 million, a price-to-earnings ratio of 15.13 and a beta of 0.66. The business’s 50 day moving average price is $28.97 and its two-hundred day moving average price is $28.22.

Institutional Trading of Sound Equity Dividend Income ETF

A hedge fund recently bought a new stake in Sound Equity Dividend Income ETF stock. Flow Traders U.S. LLC bought a new position in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,653 shares of the company’s stock, valued at approximately $200,000. Flow Traders U.S. LLC owned about 0.68% of Sound Equity Dividend Income ETF as of its most recent filing with the Securities & Exchange Commission.

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.