HighTower Advisors LLC Has $486.20 Million Position in ETC 6 Meridian Hedged Equity Index Option Strategy $SIXH

HighTower Advisors LLC increased its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,378,415 shares of the company’s stock after purchasing an additional 156,835 shares during the quarter. HighTower Advisors LLC owned approximately 0.97% of ETC 6 Meridian Hedged Equity Index Option Strategy worth $486,199,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy in the 1st quarter worth about $1,272,000. Wealth Alliance Advisory Group LLC grew its stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock valued at $1,578,000 after buying an additional 23,343 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 2nd quarter valued at approximately $74,000.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Performance

NYSEARCA:SIXH opened at $41.88 on Tuesday. The company has a market capitalization of $541.51 million, a P/E ratio of 16.87 and a beta of 0.32. The stock’s 50 day moving average price is $42.04 and its 200 day moving average price is $40.70. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52 week low of $37.48 and a 52 week high of $43.32.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 28th were issued a dividend of $0.0918 per share. The ex-dividend date was Tuesday, April 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.07.

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.