PeakShares Sector Rotation ETF (NASDAQ:PSTR) Shares Down 0.6% – Here’s Why

Shares of PeakShares Sector Rotation ETF (NASDAQ:PSTRGet Free Report) traded down 0.6% on Monday . The company traded as low as $31.93 and last traded at $32.00. 10,311 shares were traded during trading, an increase of 159% from the average daily volume of 3,985 shares. The stock had previously closed at $32.20.

PeakShares Sector Rotation ETF Stock Performance

The stock has a market cap of $65.92 million, a P/E ratio of -2.55 and a beta of 0.64. The company has a 50-day simple moving average of $31.01 and a 200-day simple moving average of $30.08.

PeakShares Sector Rotation ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, June 23rd. PeakShares Sector Rotation ETF’s payout ratio is currently -11.86%.

Hedge Funds Weigh In On PeakShares Sector Rotation ETF

An institutional investor recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management acquired a new position in shares of PeakShares Sector Rotation ETF (NASDAQ:PSTRFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,899 shares of the company’s stock, valued at approximately $1,230,000. Mosley Wealth Management owned approximately 2.33% of PeakShares Sector Rotation ETF as of its most recent filing with the Securities and Exchange Commission.

PeakShares Sector Rotation ETF Company Profile

(Get Free Report)

The Peakshares Sector Rotation ETF (PSTR) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide total return by actively managing a narrow portfolio of US equities. The portfolio rotates towards sectors thought to have the greatest potential for outperformance. PSTR was launched on Apr 30, 2024 and is issued by Peak.

Further Reading

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