PeakShares Sector Rotation ETF (NASDAQ:PSTR) Trading Down 0.3% – Time to Sell?

PeakShares Sector Rotation ETF (NASDAQ:PSTRGet Free Report)’s share price were down 0.3% during mid-day trading on Friday . The stock traded as low as $28.74 and last traded at $28.74. Approximately 3,471 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 2,844 shares. The stock had previously closed at $28.83.

PeakShares Sector Rotation ETF Stock Performance

The company has a market capitalization of $52.88 million, a P/E ratio of -2.29 and a beta of 0.63. The firm’s fifty day moving average is $29.33 and its 200 day moving average is $28.91.

PeakShares Sector Rotation ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.3912 per share. This is a positive change from PeakShares Sector Rotation ETF’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, December 16th. PeakShares Sector Rotation ETF’s payout ratio is currently -11.39%.

Hedge Funds Weigh In On PeakShares Sector Rotation ETF

A hedge fund recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management acquired a new stake in PeakShares Sector Rotation ETF (NASDAQ:PSTRFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,899 shares of the company’s stock, valued at approximately $1,230,000. Mosley Wealth Management owned about 2.33% of PeakShares Sector Rotation ETF as of its most recent SEC filing.

About PeakShares Sector Rotation ETF

(Get Free Report)

The Peakshares Sector Rotation ETF (PSTR) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide total return by actively managing a narrow portfolio of US equities. The portfolio rotates towards sectors thought to have the greatest potential for outperformance. PSTR was launched on Apr 30, 2024 and is issued by Peak.

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