Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Shares Down 0.5% – Here’s What Happened

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s share price traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $27.92 and last traded at $27.92. 697 shares were traded during mid-day trading, a decline of 78% from the average session volume of 3,172 shares. The stock had previously closed at $28.06.

Sound Equity Dividend Income ETF Trading Down 0.5%

The stock’s 50-day moving average price is $27.69 and its 200-day moving average price is $27.22. The company has a market capitalization of $27.92 million, a P/E ratio of 15.13 and a beta of 0.67.

Sound Equity Dividend Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a $0.01 dividend. This represents a dividend yield of 83.0%. The ex-dividend date was Thursday, February 26th.

Institutional Inflows and Outflows

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

About Sound Equity Dividend Income ETF

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.