Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading 1.5% Higher – Here’s What Happened

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s stock price was up 1.5% during mid-day trading on Wednesday . The company traded as high as $25.78 and last traded at $25.73. Approximately 1,350 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 6,272 shares. The stock had previously closed at $25.35.

Sound Equity Dividend Income ETF Price Performance

The stock has a market capitalization of $28.07 million, a price-to-earnings ratio of 10.99 and a beta of 0.73. The firm’s fifty day moving average is $26.24 and its 200-day moving average is $26.32.

Institutional Trading of Sound Equity Dividend Income ETF

An institutional investor recently bought a new position in Sound Equity Dividend Income ETF stock. Farther Finance Advisors LLC bought a new position in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Sound Equity Dividend Income ETF Company Profile

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.