Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Stock Price Up 0.1% – Time to Buy?

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s stock price was up 0.1% during trading on Friday . The stock traded as high as $31.23 and last traded at $31.19. 1,639 shares changed hands during trading, a decline of 42% from the average daily volume of 2,820 shares. The stock had previously closed at $31.17.

Sound Equity Dividend Income ETF Price Performance

The stock has a market capitalization of $29.63 million, a price-to-earnings ratio of 15.13 and a beta of 0.66. The business’s 50-day simple moving average is $29.67 and its two-hundred day simple moving average is $28.62.

Institutional Trading of Sound Equity Dividend Income ETF

An institutional investor recently bought a new stake in Sound Equity Dividend Income ETF stock. Flow Traders U.S. LLC acquired 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 13F filing with the Securities & Exchange Commission. The fund acquired 7,653 shares of the company’s stock, valued at approximately $200,000. Flow Traders U.S. LLC owned approximately 0.68% of Sound Equity Dividend Income ETF at the end of the most recent reporting period.

About Sound Equity Dividend Income ETF

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.