Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Hits New 1-Year High – What’s Next?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $22.57 and last traded at $22.5650, with a volume of 26253 shares trading hands. The stock had previously closed at $22.45.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The company’s 50 day moving average price is $22.15 and its 200 day moving average price is $22.10. The firm has a market capitalization of $650.82 million, a P/E ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, January 14th were issued a dividend of $0.1299 per share. This is an increase from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, January 14th. This represents a c) annualized dividend and a yield of 6.9%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HNDL. Geneos Wealth Management Inc. boosted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock worth $28,000 after purchasing an additional 1,200 shares during the period. Bank of America Corp DE acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth approximately $32,000. PNC Financial Services Group Inc. acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the fourth quarter valued at approximately $35,000. Ameritas Advisory Services LLC acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter valued at about $64,000. Finally, IMG Wealth Management Inc. boosted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 11.2% during the second quarter. IMG Wealth Management Inc. now owns 6,704 shares of the company’s stock valued at $145,000 after acquiring an additional 677 shares during the last quarter.

Strategy Shares Nasdaq 7HANDL Index 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.