ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Plans Monthly Dividend of $0.10

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) announced a monthly dividend on Tuesday, July 28th. Investors of record on Wednesday, July 29th will be given a dividend of 0.0981 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, July 29th. This is a 23.1% increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.08.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

Shares of SIXH opened at $44.27 on Wednesday. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1 year low of $37.48 and a 1 year high of $44.41. The stock has a 50 day simple moving average of $42.78 and a two-hundred day simple moving average of $42.14. The firm has a market cap of $580.82 million, a P/E ratio of 16.87 and a beta of 0.31.

Institutional Investors Weigh In On ETC 6 Meridian Hedged Equity Index Option Strategy

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 2nd quarter valued at $74,000. Jane Street Group LLC bought a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy in the fourth quarter worth $327,000. OLD Mission Capital LLC lifted its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% in the fourth quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after purchasing an additional 6,600 shares during the last quarter. Wealth Alliance Advisory Group LLC lifted its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock worth $1,578,000 after purchasing an additional 23,343 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock valued at $486,199,000 after buying an additional 156,835 shares during the period.

ETC 6 Meridian Hedged Equity Index Option Strategy Company Profile

The ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to US equities and sellscall options against SPY. SIXH was launched on May 11, 2020 and is managed by Meridian.