Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Shares Down 0.5% – Time to Sell?

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s share price dropped 0.5% during trading on Tuesday . The stock traded as low as $27.12 and last traded at $27.16. Approximately 6,929 shares were traded during 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 Stock Down 0.5 %

The company has a fifty day moving average of $26.81 and a two-hundred day moving average of $26.25. The stock has a market capitalization of $29.34 million, a price-to-earnings ratio of 10.99 and a beta of 0.73.

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 acquired a new position in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.