Sound Equity Dividend Income ETF (NYSEARCA:DIVY) Shares Up 0.5% – Still a Buy?

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

Sound Equity Dividend Income ETF Stock Performance

The stock’s fifty day simple moving average is $25.98 and its two-hundred day simple moving average is $26.37. The company has a market capitalization of $30.55 million, a price-to-earnings ratio of 16.05 and a beta of 0.76.

Sound Equity Dividend Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, March 13th were given a $0.039 dividend. This is a positive change from Sound Equity Dividend Income ETF’s previous dividend of $0.03. The ex-dividend date was Thursday, March 13th.

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.