HighTower Advisors LLC Has $375.92 Million Stock Position in ETC 6 Meridian Mega Cap Equity ETF $SIXA

HighTower Advisors LLC raised its stake in ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) by 6.2% during the 4th quarter, Holdings Channel reports. The fund owned 7,528,911 shares of the company’s stock after acquiring an additional 438,847 shares during the period. HighTower Advisors LLC owned approximately 0.89% of ETC 6 Meridian Mega Cap Equity ETF worth $375,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SIXA. Two Sigma Investments LP bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the third quarter worth approximately $3,372,000. Wealth Alliance Advisory Group LLC bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF during the fourth quarter worth approximately $964,000. Goldman Sachs Group Inc. acquired a new stake in ETC 6 Meridian Mega Cap Equity ETF during the 1st quarter worth approximately $768,000. Osaic Holdings Inc. lifted its holdings in ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% during the 2nd quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock worth $533,000 after purchasing an additional 10,016 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in ETC 6 Meridian Mega Cap Equity ETF by 700.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,000 shares of the company’s stock valued at $298,000 after purchasing an additional 5,250 shares during the period.

ETC 6 Meridian Mega Cap Equity ETF Price Performance

Shares of NYSEARCA SIXA opened at $54.94 on Tuesday. The firm has a market cap of $476.88 million, a price-to-earnings ratio of 16.86 and a beta of 0.67. The stock’s fifty day moving average price is $53.29 and its two-hundred day moving average price is $51.77. ETC 6 Meridian Mega Cap Equity ETF has a one year low of $46.40 and a one year high of $55.48.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a $0.021 dividend. The ex-dividend date 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.