ETC 6 Meridian Mega Cap Equity ETF $SIXA Shares Sold by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV cut its position in ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) by 77.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 921,413 shares of the company’s stock after selling 3,227,543 shares during the quarter. ETC 6 Meridian Mega Cap Equity ETF comprises about 4.6% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 8th biggest holding. Mainstay Capital Management LLC ADV owned approximately 11.35% of ETC 6 Meridian Mega Cap Equity ETF worth $45,767,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter worth $36,000. Perigon Wealth Management LLC bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the third quarter valued at about $427,000. Osaic Holdings Inc. grew its stake in shares of ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% in the second quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock valued at $533,000 after acquiring an additional 10,016 shares in the last quarter. CW Advisors LLC acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the second quarter valued at about $554,000. Finally, Goldman Sachs Group Inc. bought a new position in ETC 6 Meridian Mega Cap Equity ETF during the first quarter worth about $768,000.

ETC 6 Meridian Mega Cap Equity ETF Stock Down 1.6%

Shares of ETC 6 Meridian Mega Cap Equity ETF stock opened at $51.91 on Thursday. ETC 6 Meridian Mega Cap Equity ETF has a twelve month low of $41.26 and a twelve month high of $54.40. The company has a 50-day simple moving average of $52.68 and a two-hundred day simple moving average of $50.63. The stock has a market capitalization of $438.64 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 firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.021 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 0.5%.

ETC 6 Meridian Mega Cap Equity ETF Company 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.