Janney Montgomery Scott LLC Decreases Stock Holdings in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)

Janney Montgomery Scott LLC lowered its stake in shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,793 shares of the company’s stock after selling 2,729 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Overlay Shares Large Cap Equity ETF were worth $2,314,000 as of its most recent SEC filing.

Separately, Fiduciary Alliance LLC acquired a new position in Overlay Shares Large Cap Equity ETF in the 3rd quarter worth approximately $242,000.

Overlay Shares Large Cap Equity ETF Trading Down 0.1 %

Shares of NYSEARCA OVL opened at $48.08 on Wednesday. The company has a 50 day simple moving average of $45.92 and a two-hundred day simple moving average of $44.26. Overlay Shares Large Cap Equity ETF has a 12 month low of $34.57 and a 12 month high of $49.50. The stock has a market cap of $182.70 million, a price-to-earnings ratio of 25.46 and a beta of 1.18.

Overlay Shares Large Cap Equity ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.3758 per share. This is an increase from Overlay Shares Large Cap Equity ETF’s previous dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 3rd.

About Overlay Shares Large Cap Equity ETF

The Overlay Shares Large Cap Equity ETF (OVL) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to large cap U.S. equities combined with a put spread option overlay strategy. OVL was launched on Sep 30, 2019 and is managed by Overlay Shares.