Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) Reaches New 12-Month Low – Here’s What Happened

Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $20.00 and last traded at $20.01, with a volume of 177498 shares trading hands. The stock had previously closed at $20.77.

Strategy Shares NASDAQ 7 HANDL ETF Stock Performance

The business has a 50 day simple moving average of $21.38 and a 200-day simple moving average of $21.69. The firm has a market capitalization of $658.69 million, a price-to-earnings ratio of 24.41 and a beta of 0.57.

Strategy Shares NASDAQ 7 HANDL ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, March 13th were issued a $0.1223 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date was Thursday, March 13th.

Hedge Funds Weigh In On Strategy Shares NASDAQ 7 HANDL ETF

Institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new stake in Strategy Shares NASDAQ 7 HANDL ETF during the fourth quarter worth $9,706,000. Virtu Financial LLC acquired a new stake in Strategy Shares NASDAQ 7 HANDL ETF in the fourth quarter valued at $411,000. Strategic Financial Concepts LLC purchased a new stake in Strategy Shares NASDAQ 7 HANDL ETF during the fourth quarter worth approximately $378,000. New Century Financial Group LLC purchased a new position in shares of Strategy Shares NASDAQ 7 HANDL ETF in the 4th quarter valued at $313,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Strategy Shares NASDAQ 7 HANDL ETF by 15.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 94,117 shares of the company’s stock valued at $2,008,000 after purchasing an additional 12,935 shares during the last quarter.

Strategy Shares NASDAQ 7 HANDL ETF Company Profile

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.