Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading Up 0.9% – Here’s Why

Shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) rose 0.9% on Tuesday . The stock traded as high as $28.75 and last traded at $28.75. Approximately 1,179 shares were traded during trading, a decline of 60% from the average daily volume of 2,960 shares. The stock had previously closed at $28.49.

Sound Equity Dividend Income ETF Stock Up 0.9%

The firm’s 50 day simple moving average is $28.10 and its two-hundred day simple moving average is $27.53. The stock has a market cap of $28.75 million, a P/E ratio of 15.13 and a beta of 0.66.

Institutional Trading of Sound Equity Dividend Income ETF

An institutional investor recently bought a new position in Sound Equity Dividend Income ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,653 shares of the company’s stock, valued at approximately $200,000. Flow Traders U.S. LLC owned 0.68% of Sound Equity Dividend Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Sound Equity Dividend Income ETF Company Profile

The Sound Equity Income ETF (DIVY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. DIVY was launched on Dec 30, 2020 and is managed by Tidal.