Swan Hedged Equity US Large Cap ETF (BATS:HEGD) Shares Down 0.2% – Here’s What Happened

Swan Hedged Equity US Large Cap ETF (BATS:HEGD) shares dropped 0.2% during trading on Thursday . The company traded as low as $24.77 and last traded at $24.84. Approximately 48,111 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 118,938 shares. The stock had previously closed at $24.90.

Swan Hedged Equity US Large Cap ETF Trading Down 0.2%

The company has a 50 day moving average of $25.35 and a 200 day moving average of $25.18. The firm has a market cap of $451.09 million, a price-to-earnings ratio of 25.32 and a beta of 0.55.

Swan Hedged Equity US Large Cap ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.0903 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a dividend yield of 36.0%.

Hedge Funds Weigh In On Swan Hedged Equity US Large Cap ETF

Several institutional investors have recently modified their holdings of HEGD. NewEdge Advisors LLC grew its position in shares of Swan Hedged Equity US Large Cap ETF by 14.3% in the 3rd quarter. NewEdge Advisors LLC now owns 1,341,774 shares of the company’s stock valued at $33,437,000 after purchasing an additional 167,410 shares during the period. Vantage Financial Partners LLC lifted its stake in Swan Hedged Equity US Large Cap ETF by 3.5% in the fourth quarter. Vantage Financial Partners LLC now owns 477,957 shares of the company’s stock valued at $12,049,000 after buying an additional 16,086 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. lifted its stake in Swan Hedged Equity US Large Cap ETF by 1.4% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 162,438 shares of the company’s stock valued at $4,048,000 after buying an additional 2,216 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Swan Hedged Equity US Large Cap ETF by 60.5% in the second quarter. Baird Financial Group Inc. now owns 73,253 shares of the company’s stock valued at $1,721,000 after buying an additional 27,617 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of Swan Hedged Equity US Large Cap ETF in the second quarter valued at approximately $1,478,000.

About Swan Hedged Equity US Large Cap ETF

The Swan Hedged Equity US Large Cap ETF (HEGD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides hedged exposure to US large-cap companies using ETFs and options. HEGD was launched on Dec 22, 2020 and is managed by Swan.