ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Increases Dividend to $0.07 Per Share

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) announced a monthly dividend on Thursday, March 26th. Investors of record on Friday, March 27th will be paid a dividend of 0.0653 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, March 27th. This is a 394.7% increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.01.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Performance

ETC 6 Meridian Hedged Equity Index Option Strategy stock opened at $41.86 on Friday. The firm has a market cap of $533.72 million, a price-to-earnings ratio of 16.87 and a beta of 0.37. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1 year low of $35.00 and a 1 year high of $43.32. The firm’s 50 day moving average price is $41.90 and its two-hundred day moving average price is $39.84.

Institutional Investors Weigh In On ETC 6 Meridian Hedged Equity Index Option Strategy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC boosted its position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% in the 4th quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock valued at $521,000 after purchasing an additional 6,600 shares during the period. Jane Street Group LLC acquired a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy during the 4th quarter worth about $327,000. HighTower Advisors LLC lifted its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock valued at $486,199,000 after buying an additional 156,835 shares in the last quarter. Wealth Alliance Advisory Group LLC lifted its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock valued at $1,578,000 after buying an additional 23,343 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy during the second quarter valued at about $74,000.

About ETC 6 Meridian Hedged Equity Index Option Strategy

The ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to US equities and sellscall options against SPY. SIXH was launched on May 11, 2020 and is managed by Meridian.