Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Hits New 52-Week High – Still a Buy?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.00 and last traded at $23.00, with a volume of 210 shares. The stock had previously closed at $22.68.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The business’s 50 day simple moving average is $22.70 and its 200 day simple moving average is $22.53. The stock has a market cap of $639.21 million, a P/E ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, July 14th were issued a $0.1334 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Tuesday, July 14th. This is a boost from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13.

Hedge Funds Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of HNDL. Garton & Associates Financial Advisors LLC bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the fourth quarter valued at $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock valued at $28,000 after acquiring an additional 1,200 shares during the period. Bank of America Corp DE acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter valued at $32,000. PNC Financial Services Group Inc. acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter valued at $35,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter worth about $172,000.

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.