ZEGA Investments LLC Invests $2.58 Million in SoFi Enhanced Yield ETF (NYSEARCA:THTA)

ZEGA Investments LLC acquired a new stake in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 135,319 shares of the company’s stock, valued at approximately $2,581,000. SoFi Enhanced Yield ETF makes up approximately 0.6% of ZEGA Investments LLC’s portfolio, making the stock its 25th largest holding. ZEGA Investments LLC owned 0.16% of SoFi Enhanced Yield ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of THTA. Optivise Advisory Services LLC purchased a new stake in shares of SoFi Enhanced Yield ETF in the third quarter valued at approximately $4,134,000. Concurrent Investment Advisors LLC purchased a new position in SoFi Enhanced Yield ETF during the fourth quarter worth approximately $2,523,000. Centaurus Financial Inc. boosted its stake in SoFi Enhanced Yield ETF by 16.9% during the third quarter. Centaurus Financial Inc. now owns 413,303 shares of the company’s stock worth $7,828,000 after buying an additional 59,729 shares during the last quarter. Finally, Zega Financial LLC grew its holdings in SoFi Enhanced Yield ETF by 3.4% in the 3rd quarter. Zega Financial LLC now owns 140,123 shares of the company’s stock valued at $2,654,000 after buying an additional 4,659 shares in the last quarter.

SoFi Enhanced Yield ETF Stock Up 0.3 %

NYSEARCA THTA opened at $19.10 on Friday. The business’s fifty day simple moving average is $19.02 and its 200-day simple moving average is $18.99. The firm has a market cap of $49.66 million and a PE ratio of 26.43. SoFi Enhanced Yield ETF has a 52 week low of $16.72 and a 52 week high of $20.49.

SoFi Enhanced Yield ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 17th were issued a $0.1845 dividend. The ex-dividend date was Monday, March 17th.

About SoFi Enhanced Yield ETF

The SoFi Enhanced Yield ETF (THTA) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is an actively managed fund that invests in US government securities combined with a credit spread option strategy. The funds goal is to generate monthly income, and pursue risk-adjusted returns, independent of trends in the equity and bond markets THTA was launched on Nov 15, 2023 and is issued by SoFi.