Sound Enhanced Fixed Income ETF Announces Dividend of $0.04 (NYSEARCA:FXED)

Sound Enhanced Fixed Income ETF (NYSEARCA:FXED) declared a dividend on Wednesday, February 25th. Stockholders of record on Thursday, February 26th will be given a dividend of 0.04 per share on Friday, February 27th. This represents a dividend yield of 540.0%. The ex-dividend date is Thursday, February 26th.

Sound Enhanced Fixed Income ETF Trading Up 0.5%

NYSEARCA FXED traded up $0.08 during trading hours on Thursday, reaching $17.82. 5,929 shares of the company’s stock were exchanged, compared to its average volume of 6,855. The firm has a fifty day moving average of $17.99 and a 200-day moving average of $18.24. Sound Enhanced Fixed Income ETF has a one year low of $16.85 and a one year high of $19.00. The stock has a market cap of $41.53 million, a PE ratio of 11.31 and a beta of 0.57.

Institutional Trading of Sound Enhanced Fixed Income ETF

An institutional investor recently raised its position in Sound Enhanced Fixed Income ETF stock. Farther Finance Advisors LLC increased its stake in shares of Sound Enhanced Fixed Income ETF (NYSEARCA:FXED) by 168.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,106 shares of the company’s stock after buying an additional 7,599 shares during the period. Farther Finance Advisors LLC owned 0.49% of Sound Enhanced Fixed Income ETF worth $223,000 at the end of the most recent quarter.

About Sound Enhanced Fixed Income ETF

The Sound Enhanced Fixed Income ETF (FXED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond portfolio that seeks current income and capital appreciation with few limitations in respect to geographic, type, credit, or duration exposure. FXED was launched on Dec 30, 2020 and is managed by Tidal.