Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Stock Price Up 0.1% – Still a Buy?

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

Overlay Shares Large Cap Equity ETF Stock Performance

The firm’s 50 day simple moving average is $47.62 and its 200 day simple moving average is $45.69. The firm has a market capitalization of $179.89 million, a price-to-earnings ratio of 25.46 and a beta of 1.18.

Overlay Shares Large Cap Equity ETF Increases Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. Fiduciary Alliance LLC bought a new stake in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,217 shares of the company’s stock, valued at approximately $242,000. Fiduciary Alliance LLC owned about 0.14% of Overlay Shares Large Cap Equity ETF as of its most recent filing with the Securities and Exchange Commission.

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.