Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Hits New 12-Month High After Dividend Announcement

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares reached a new 52-week high during trading on Wednesday after the company announced a dividend. The stock traded as high as $23.00 and last traded at $23.00, with a volume of 210 shares changing hands. The stock had previously closed at $22.68.

The newly announced dividend which will be paid on Friday, August 14th. Investors of record on Thursday, August 13th will be issued a dividend of $0.1324 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Strategy Shares Nasdaq 7HANDL Index ETF Trading Up 0.1%

The company’s fifty day moving average is $22.69 and its 200 day moving average is $22.54. The company has a market cap of $638.93 million, a P/E ratio of 24.18 and a beta of 0.73.

Hedge Funds Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

A number of hedge funds have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. boosted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in 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 last quarter. Bank of America Corp DE bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter valued at approximately $32,000. PNC Financial Services Group Inc. bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at $35,000. Finally, Raymond James Financial Inc. bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter valued at about $172,000.

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.