NBC Securities Inc. Raises Stock Position in Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL)

NBC Securities Inc. raised its stake in Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) by 99,842.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,996 shares of the company’s stock after buying an additional 6,989 shares during the period. NBC Securities Inc.’s holdings in Strategy Shares Nasdaq 7HANDL Index ETF were worth $147,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the fourth quarter valued at about $378,000. Wells Fargo & Company MN increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 185,000.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,851 shares of the company’s stock worth $39,000 after purchasing an additional 1,850 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 350.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,160 shares of the company’s stock worth $46,000 after purchasing an additional 1,681 shares in the last quarter. Allworth Financial LP increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 28.3% during the 4th quarter. Allworth Financial LP now owns 8,127 shares of the company’s stock worth $176,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Coppell Advisory Solutions LLC increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 2,685.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,978 shares of the company’s stock worth $42,000 after purchasing an additional 1,907 shares in the last quarter.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

Shares of HNDL opened at $21.20 on Tuesday. The firm has a 50 day simple moving average of $20.61 and a 200-day simple moving average of $21.23. Strategy Shares Nasdaq 7HANDL Index ETF has a 1-year low of $19.00 and a 1-year high of $22.44. The stock has a market cap of $693.66 million, a price-to-earnings ratio of 24.18 and a beta of 0.57.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.1213 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 6.87%.

Strategy Shares Nasdaq 7HANDL Index ETF Company Profile

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.