ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Raises Dividend to $0.17 Per Share

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) declared a monthly dividend on Tuesday, October 27th. Investors of record on Wednesday, October 28th will be given a dividend of $0.1683 per share on Friday, October 30th. This represents a $2.02 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, October 28th. This is a 64.0% increase from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.1026.

ETC 6 Meridian Mega Cap Equity ETF Stock Performance

ETC 6 Meridian Mega Cap Equity ETF stock opened at $57.95 on Wednesday. The stock has a 50-day simple moving average of $57.62 and a 200 day simple moving average of $55.20. The stock has a market capitalization of $551.68 million, a P/E ratio of 16.86 and a beta of 0.66. ETC 6 Meridian Mega Cap Equity ETF has a 52 week low of $48.28 and a 52 week high of $58.52.

About ETC 6 Meridian Mega Cap Equity ETF

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.