Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Trading Up 0.5% – Here’s Why

Sound Equity Dividend Income ETF (NYSEARCA:DIVY)’s share price was up 0.5% during trading on Wednesday . The company traded as high as $25.93 and last traded at $25.89. Approximately 5,362 shares traded hands during trading, an increase of 5% from the average daily volume of 5,126 shares. The stock had previously closed at $25.75.

Sound Equity Dividend Income ETF Stock Up 0.5 %

The firm has a market cap of $30.55 million, a P/E ratio of 16.05 and a beta of 0.76. The business has a fifty day moving average of $25.98 and a 200 day moving average of $26.37.

Sound Equity Dividend Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Thursday, March 13th were paid a dividend of $0.039 per share. This is a positive change from Sound Equity Dividend Income ETF’s previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 13th.

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.