Mainstay Capital Management LLC ADV Sells 3,227,543 Shares of ETC 6 Meridian Mega Cap Equity ETF $SIXA

Mainstay Capital Management LLC ADV lessened its holdings in ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) by 77.8% during the third quarter, HoldingsChannel.com reports. The fund owned 921,413 shares of the company’s stock after selling 3,227,543 shares during the period. ETC 6 Meridian Mega Cap Equity ETF makes up about 4.6% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 8th biggest holding. Mainstay Capital Management LLC ADV owned about 0.11% of ETC 6 Meridian Mega Cap Equity ETF worth $45,767,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. HighTower Advisors LLC raised its stake in ETC 6 Meridian Mega Cap Equity ETF by 6.6% during the third quarter. HighTower Advisors LLC now owns 7,090,064 shares of the company’s stock worth $352,169,000 after acquiring an additional 438,682 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter valued at approximately $3,372,000. Goldman Sachs Group Inc. bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the 1st quarter valued at approximately $768,000. CW Advisors LLC bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at approximately $554,000. Finally, Osaic Holdings Inc. increased its position in ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% during the 2nd quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock worth $533,000 after purchasing an additional 10,016 shares in the last quarter.

ETC 6 Meridian Mega Cap Equity ETF Price Performance

Shares of NYSEARCA:SIXA opened at $51.91 on Thursday. The company has a market cap of $438.64 million, a price-to-earnings ratio of 16.86 and a beta of 0.72. The firm has a 50 day simple moving average of $52.68 and a 200 day simple moving average of $50.63. ETC 6 Meridian Mega Cap Equity ETF has a one year low of $41.26 and a one year high of $54.40.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.021 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 0.5%.

ETC 6 Meridian Mega Cap Equity ETF Company Profile

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.