Kensington Hedged Premium Income ETF (BATS:KHPI) Raises Dividend to $0.20 Per Share

Kensington Hedged Premium Income ETF (BATS:KHPI) declared a monthly dividend on Thursday, October 29th. Investors of record on Friday, October 30th will be paid a dividend of $0.1964 per share on Monday, November 2nd. This represents a $2.36 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date is Friday, October 30th. This is a 0.7% increase from Kensington Hedged Premium Income ETF’s previous monthly dividend of $0.1951.

Kensington Hedged Premium Income ETF Price Performance

Kensington Hedged Premium Income ETF stock opened at $26.18 on Friday. Kensington Hedged Premium Income ETF has a twelve month low of $23.95 and a twelve month high of $26.55. The company’s 50-day moving average price is $25.99 and its two-hundred day moving average price is $25.76.

Hedge Funds Weigh In On Kensington Hedged Premium Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Titleist Asset Management LLC increased its holdings in shares of Kensington Hedged Premium Income ETF by 1.9% during the third quarter. Titleist Asset Management LLC now owns 32,426 shares of the company’s stock worth $837,000 after purchasing an additional 617 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Kensington Hedged Premium Income ETF by 2.4% in the first quarter. Sunbelt Securities Inc. now owns 28,882 shares of the company’s stock valued at $699,000 after buying an additional 685 shares during the period. Swmg LLC grew its position in Kensington Hedged Premium Income ETF by 4.8% during the third quarter. Swmg LLC now owns 22,492 shares of the company’s stock worth $587,000 after buying an additional 1,024 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Kensington Hedged Premium Income ETF during the third quarter worth approximately $29,000. Finally, CPR Investments Inc. increased its stake in Kensington Hedged Premium Income ETF by 3.1% during the 3rd quarter. CPR Investments Inc. now owns 42,422 shares of the company’s stock worth $1,095,000 after acquiring an additional 1,267 shares during the period.

About Kensington Hedged Premium Income ETF

The Kensington Hedged Premium Income ETF (KHPI) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages multiple derivative strategies seeking to generate high monthly income, some upside participation potential in the S&P 500, with a downside hedge. The objective is to offer a more balanced income strategy than other covered option writing strategies. KHPI was launched on Sep 3, 2024 and is issued by Kensington.