InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Trading Up 0.5% – Still a Buy?

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) shares shot up 0.5% during trading on Friday . The stock traded as high as $28.71 and last traded at $28.69. Approximately 8,940 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 29,501 shares. The stock had previously closed at $28.56.

InfraCap Equity Income Fund ETF Stock Performance

The firm has a market capitalization of $119.92 million, a PE ratio of 19.06 and a beta of 0.99. The business’s 50 day moving average is $28.68 and its two-hundred day moving average is $28.22.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

A hedge fund recently raised its stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC lifted its stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,878 shares of the company’s stock after purchasing an additional 21,850 shares during the quarter. Janney Montgomery Scott LLC owned 0.97% of InfraCap Equity Income Fund ETF worth $891,000 as of its most recent SEC filing.

About InfraCap Equity Income Fund ETF

The InfraCap Equity Income Fund ETF (ICAP) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to provide exposure to global stocks that pay dividends during normal market conditions. The fund seeks to maximize income and pursue total return. ICAP was launched on Dec 29, 2021 and is managed by InfraCap.