Farther Finance Advisors LLC Invests $176,000 in Sound Equity Dividend Income ETF (NYSEARCA:DIVY)

Farther Finance Advisors LLC bought a new stake in Sound Equity Dividend Income ETF (NYSEARCA:DIVY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,506 shares of the company’s stock, valued at approximately $176,000. Farther Finance Advisors LLC owned approximately 0.60% of Sound Equity Dividend Income ETF at the end of the most recent quarter.

Sound Equity Dividend Income ETF Stock Down 0.0 %

Shares of DIVY opened at $26.84 on Monday. The company has a 50-day moving average price of $26.77 and a two-hundred day moving average price of $26.15. The stock has a market cap of $28.99 million, a price-to-earnings ratio of 10.99 and a beta of 0.73. Sound Equity Dividend Income ETF has a 12 month low of $23.80 and a 12 month high of $27.28.

Sound Equity Dividend Income ETF 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.