ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Announces $0.09 Monthly Dividend

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) announced a monthly dividend on Tuesday, January 27th. Stockholders of record on Wednesday, January 28th will be paid a dividend of 0.087 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 28th.

ETC 6 Meridian Mega Cap Equity ETF Stock Performance

Shares of NYSEARCA:SIXA traded up $0.20 during trading on Wednesday, reaching $51.55. The stock had a trading volume of 6,369 shares, compared to its average volume of 13,039. The firm’s fifty day moving average is $50.16 and its 200 day moving average is $49.58. ETC 6 Meridian Mega Cap Equity ETF has a 52 week low of $41.26 and a 52 week high of $51.71. The stock has a market cap of $434.53 million, a price-to-earnings ratio of 16.86 and a beta of 0.72.

Institutional Investors Weigh In On ETC 6 Meridian Mega Cap Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CW Advisors LLC purchased a new stake in ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter worth about $554,000. Midwest Trust Co purchased a new stake in ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter worth approximately $6,229,000. Foresight Capital Management Advisors Inc. bought a new stake in ETC 6 Meridian Mega Cap Equity ETF during the second quarter valued at $540,000. Harbour Investments Inc. bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at about $106,000. Finally, Mainstay Capital Management LLC ADV lifted its position in ETC 6 Meridian Mega Cap Equity ETF by 122.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 4,148,956 shares of the company’s stock valued at $201,224,000 after purchasing an additional 2,280,287 shares during the last quarter.

About ETC 6 Meridian Mega Cap Equity ETF

The ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index. SIXA was launched on May 11, 2020 and is managed by Meridian.