Sound Income Strategies LLC Sells 55,731 Shares of Sound Equity Dividend Income ETF $DIVY

Sound Income Strategies LLC decreased its holdings in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 790,244 shares of the company’s stock after selling 55,731 shares during the period. Sound Equity Dividend Income ETF accounts for about 1.1% of Sound Income Strategies LLC’s holdings, making the stock its 23rd biggest position. Sound Income Strategies LLC owned 79.02% of Sound Equity Dividend Income ETF worth $21,751,000 at the end of the most recent quarter.

Separately, Flow Traders U.S. LLC purchased a new position in Sound Equity Dividend Income ETF during the third quarter worth about $200,000.

Sound Equity Dividend Income ETF Trading Up 1.3%

DIVY stock opened at $29.59 on Friday. The company’s 50 day moving average is $28.46 and its 200 day moving average is $27.87. The stock has a market cap of $29.59 million, a price-to-earnings ratio of 15.13 and a beta of 0.66. Sound Equity Dividend Income ETF has a 1-year low of $24.84 and a 1-year high of $29.59.

Sound Equity Dividend Income ETF 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.