Midwest Trust Co Sells 19,406 Shares of ETC 6 Meridian Mega Cap Equity ETF $SIXA

Midwest Trust Co cut its position in ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) by 15.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 109,025 shares of the company’s stock after selling 19,406 shares during the quarter. Midwest Trust Co’s holdings in ETC 6 Meridian Mega Cap Equity ETF were worth $5,415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SIXA. JPMorgan Chase & Co. bought a new position in ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter valued at approximately $36,000. Harbour Investments Inc. bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the second quarter worth about $106,000. Perigon Wealth Management LLC acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter worth approximately $427,000. Osaic Holdings Inc. boosted its stake in shares of ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% in the 2nd quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock valued at $533,000 after purchasing an additional 10,016 shares during the last quarter. Finally, CW Advisors LLC acquired a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the second quarter worth $554,000.

ETC 6 Meridian Mega Cap Equity ETF Stock Down 0.1%

SIXA stock opened at $53.45 on Wednesday. The company’s fifty day simple moving average is $50.85 and its 200 day simple moving average is $49.86. ETC 6 Meridian Mega Cap Equity ETF has a 12-month low of $41.26 and a 12-month high of $53.65. The firm has a market cap of $451.65 million, a price-to-earnings ratio of 16.86 and a beta of 0.72.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were paid a $0.087 dividend. The ex-dividend date was Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 2.0%.

ETC 6 Meridian Mega Cap Equity ETF Profile

The ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index. SIXA was launched on May 11, 2020 and is managed by Meridian.