Sound Equity Dividend Income ETF (NYSE:DIVY) Trading Down 0.3% – Here’s What Happened

Shares of Sound Equity Dividend Income ETF (NYSE:DIVYGet Free Report) traded down 0.3% on Friday . The stock traded as low as $30.98 and last traded at $31.09. 3,196 shares were traded during mid-day trading, an increase of 16% from the average session volume of 2,767 shares. The stock had previously closed at $31.19.

Sound Equity Dividend Income ETF Stock Performance

The stock has a market capitalization of $29.54 million, a P/E ratio of 15.13 and a beta of 0.66. The stock has a 50-day simple moving average of $30.38 and a 200 day simple moving average of $28.92.

Sound Equity Dividend Income ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 30th were paid a dividend of $0.039 per share. This represents a dividend yield of 307.0%. The ex-dividend date of this dividend was Thursday, July 30th.

Institutional Trading of Sound Equity Dividend Income ETF

An institutional investor recently bought a new position in Sound Equity Dividend Income ETF stock. Flow Traders U.S. LLC bought a new stake in shares of Sound Equity Dividend Income ETF (NYSE:DIVYFree Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,653 shares of the company’s stock, valued at approximately $200,000. Flow Traders U.S. LLC owned 0.68% of Sound Equity Dividend Income ETF at the end of the most recent quarter.

Sound Equity Dividend Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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