Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Stock Price Up 0.3% – Here’s Why

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares were up 0.3% during trading on Thursday . The company traded as high as $21.99 and last traded at $21.98. Approximately 36,076 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 73,128 shares. The stock had previously closed at $21.92.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The company has a 50 day simple moving average of $22.30 and a 200-day simple moving average of $22.22. The stock has a market cap of $624.45 million, a P/E ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 13th. Investors of record on Thursday, March 12th were given a $0.1311 dividend. The ex-dividend date was Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Shields & Co. LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter valued at $337,000. Larson Financial Group LLC raised its position in Strategy Shares Nasdaq 7HANDL Index ETF by 7.5% in the 4th quarter. Larson Financial Group LLC now owns 60,740 shares of the company’s stock worth $1,337,000 after purchasing an additional 4,250 shares during the period. Western Wealth Management LLC lifted its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 56.8% in the fourth quarter. Western Wealth Management LLC now owns 14,605 shares of the company’s stock worth $322,000 after purchasing an additional 5,290 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the fourth quarter worth $213,000. Finally, Jackson Hole Capital Partners LLC purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter valued at about $330,000.

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.