Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Up 0.1% – What’s Next?

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) shares rose 0.1% during mid-day trading on Thursday . The stock traded as high as $48.08 and last traded at $47.99. Approximately 6,434 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 52,335 shares. The stock had previously closed at $47.93.

Overlay Shares Large Cap Equity ETF Trading Up 0.1 %

The company has a 50 day simple moving average of $47.62 and a 200-day simple moving average of $45.66. The stock has a market cap of $182.36 million, a price-to-earnings ratio of 25.46 and a beta of 1.18.

Overlay Shares Large Cap Equity ETF Increases Dividend

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

Institutional Investors Weigh In On Overlay Shares Large Cap Equity ETF

A hedge fund recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. Fiduciary Alliance LLC purchased a new stake in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,217 shares of the company’s stock, valued at approximately $242,000. Fiduciary Alliance LLC owned 0.14% of Overlay Shares Large Cap Equity ETF at the end of the most recent quarter.

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.