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

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

Sound Equity Dividend Income ETF Price Performance

The stock has a fifty day moving average price of $26.24 and a two-hundred day moving average price of $26.32. The company has a market cap of $28.07 million, a P/E ratio of 10.99 and a beta of 0.73.

Institutional Investors Weigh In On Sound Equity Dividend Income ETF

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

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.