Sound Income Strategies LLC trimmed its holdings in Sound Enhanced Fixed Income ETF (NYSEARCA:FXED – Free Report) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,706,545 shares of the company’s stock after selling 66,471 shares during the period. Sound Enhanced Fixed Income ETF accounts for approximately 1.4% of Sound Income Strategies LLC’s holdings, making the stock its 11th largest holding. Sound Income Strategies LLC owned approximately 74.85% of Sound Enhanced Fixed Income ETF worth $29,404,000 as of its most recent SEC filing.
Separately, Farther Finance Advisors LLC increased its stake in shares of Sound Enhanced Fixed Income ETF by 6.2% during the 4th quarter. Farther Finance Advisors LLC now owns 12,857 shares of the company’s stock valued at $230,000 after acquiring an additional 751 shares during the last quarter.
Sound Enhanced Fixed Income ETF Price Performance
Shares of FXED stock opened at $17.64 on Friday. The firm’s 50-day simple moving average is $17.56 and its 200-day simple moving average is $17.71. Sound Enhanced Fixed Income ETF has a 1-year low of $17.07 and a 1-year high of $19.00. The firm has a market cap of $40.22 million, a P/E ratio of 11.31 and a beta of 0.53.
About Sound Enhanced Fixed Income ETF
The Sound Enhanced Fixed Income ETF (FXED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond portfolio that seeks current income and capital appreciation with few limitations in respect to geographic, type, credit, or duration exposure. FXED was launched on Dec 30, 2020 and is managed by Tidal.
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