Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading 1% Higher – Here’s What Happened

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s share price rose 1% on Monday . The company traded as high as $26.63 and last traded at $26.63. Approximately 1,477 shares were traded during trading, a decline of 71% from the average daily volume of 5,108 shares. The stock had previously closed at $26.37.

Sound Equity Dividend Income ETF Stock Up 0.2 %

The company has a fifty day moving average price of $26.80 and a 200-day moving average price of $26.10. The stock has a market capitalization of $28.47 million, a P/E ratio of 10.99 and a beta of 0.73.

Institutional Trading of Sound Equity Dividend Income ETF

A hedge fund recently bought a new stake in Sound Equity Dividend Income ETF stock. Farther Finance Advisors LLC acquired a new position in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,506 shares of the company’s stock, valued at approximately $176,000. Farther Finance Advisors LLC owned 0.60% of Sound Equity Dividend Income ETF as of its most recent SEC filing.

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.