Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Shares Up 0.5% – Still a Buy?

Sound Equity Dividend Income ETF (NYSEARCA:DIVY) shares traded up 0.5% on Wednesday . The stock traded as high as $26.20 and last traded at $26.20. 1,704 shares were traded during mid-day trading, a decline of 76% from the average session volume of 7,126 shares. The stock had previously closed at $26.07.

Sound Equity Dividend Income ETF Stock Up 0.5 %

The company has a 50 day moving average of $26.11 and a 200 day moving average of $26.39. The stock has a market capitalization of $28.30 million, a price-to-earnings 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 bought a new stake in shares of Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.