Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading Down 0.5% – What’s Next?

Sound Equity Dividend Income ETF (NYSEARCA:DIVY) shares dropped 0.5% on Tuesday . The company traded as low as $27.12 and last traded at $27.16. Approximately 6,929 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 4,955 shares. The stock had previously closed at $27.31.

Sound Equity Dividend Income ETF Trading Up 0.2 %

The firm has a 50 day moving average of $26.81 and a two-hundred day moving average of $26.25. The stock has a market capitalization of $29.22 million, a PE ratio of 10.99 and a beta of 0.73.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

A hedge fund recently bought a new stake in Sound Equity Dividend Income ETF stock. Farther Finance Advisors LLC bought a new position in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,506 shares of the company’s stock, valued at approximately $176,000. Farther Finance Advisors LLC owned about 0.60% of Sound Equity Dividend Income ETF at the end of the most recent quarter.

About Sound Equity Dividend Income ETF

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.