Swan Hedged Equity US Large Cap ETF (BATS:HEGD) Trading Down 3.1% – Time to Sell?

Swan Hedged Equity US Large Cap ETF (BATS:HEGD)’s share price traded down 3.1% during trading on Monday . The company traded as low as $22.58 and last traded at $21.87. 44,631 shares were traded during mid-day trading, a decline of 40% from the average session volume of 74,190 shares. The stock had previously closed at $22.57.

Swan Hedged Equity US Large Cap ETF Stock Performance

The company has a market capitalization of $360.59 million, a PE ratio of 24.20 and a beta of 0.55. The firm’s 50-day simple moving average is $22.23 and its 200 day simple moving average is $22.49.

Institutional Investors Weigh In On Swan Hedged Equity US Large Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC raised its holdings in Swan Hedged Equity US Large Cap ETF by 9.2% during the fourth quarter. Avior Wealth Management LLC now owns 445,437 shares of the company’s stock worth $9,978,000 after purchasing an additional 37,693 shares during the last quarter. Vantage Financial Partners LLC purchased a new position in shares of Swan Hedged Equity US Large Cap ETF in the fourth quarter valued at $8,587,000. Park Square Financial Group LLC acquired a new position in shares of Swan Hedged Equity US Large Cap ETF during the 4th quarter worth $201,000. Caitlin John LLC boosted its position in shares of Swan Hedged Equity US Large Cap ETF by 73.3% in the 4th quarter. Caitlin John LLC now owns 5,252 shares of the company’s stock worth $118,000 after buying an additional 2,222 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Swan Hedged Equity US Large Cap ETF in the 4th quarter valued at about $59,000.

About Swan Hedged Equity US Large Cap ETF

The Swan Hedged Equity US Large Cap ETF (HEGD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides hedged exposure to US large-cap companies using ETFs and options. HEGD was launched on Dec 22, 2020 and is managed by Swan.