Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Shares Down 0.5% – Here’s Why

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s share price traded down 0.5% during trading on Tuesday . The stock traded as low as $28.99 and last traded at $29.00. 1,292 shares were traded during mid-day trading, a decline of 55% from the average session volume of 2,900 shares. The stock had previously closed at $29.14.

Sound Equity Dividend Income ETF Price Performance

The firm has a fifty day simple moving average of $28.42 and a two-hundred day simple moving average of $27.83. The firm has a market capitalization of $29 million, a P/E ratio of 15.13 and a beta of 0.66.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

An institutional investor recently bought a new position in Sound Equity Dividend Income ETF stock. Flow Traders U.S. LLC acquired a new stake in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,653 shares of the company’s stock, valued at approximately $200,000. Flow Traders U.S. LLC owned 0.68% of Sound Equity Dividend Income ETF as of its most recent filing with the SEC.

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.