Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading Up 0.5% – Here’s What Happened

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s stock price shot up 0.5% during mid-day trading on Wednesday . The company traded as high as $26.20 and last traded at $26.20. 1,704 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 7,126 shares. The stock had previously closed at $26.07.

Sound Equity Dividend Income ETF Trading Down 0.3 %

The stock has a market cap of $28.04 million, a P/E ratio of 10.99 and a beta of 0.73. The firm’s fifty day moving average is $26.06 and its 200 day moving average is $26.39.

Hedge Funds Weigh In On Sound Equity Dividend Income ETF

An institutional investor recently bought a new position in Sound Equity Dividend Income ETF stock. Farther Finance Advisors LLC bought a new stake in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,506 shares of the company’s stock, valued at approximately $176,000. Farther Finance Advisors LLC owned 0.60% of Sound Equity Dividend Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Sound Equity Dividend Income ETF Company Profile

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.