STF Tactical Growth & Income ETF (NASDAQ:TUGN) Shares Up 1% – Here’s Why

STF Tactical Growth & Income ETF (NASDAQ:TUGN) shares shot up 1% during trading on Thursday . The stock traded as high as $26.19 and last traded at $26.08. 32,067 shares changed hands during mid-day trading, an increase of 68% from the average session volume of 19,068 shares. The stock had previously closed at $25.82.

STF Tactical Growth & Income ETF Trading Up 1.0%

The stock has a market cap of $70.94 million, a P/E ratio of 32.38 and a beta of -0.85. The firm’s fifty day moving average is $25.11 and its 200 day moving average is $23.45.

STF Tactical Growth & Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 21st. Investors of record on Wednesday, August 20th were issued a $0.2535 dividend. This is a boost from STF Tactical Growth & Income ETF’s previous monthly dividend of $0.24. The ex-dividend date was Wednesday, August 20th. This represents a c) annualized dividend and a yield of 11.7%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in STF Tactical Growth & Income ETF stock. Q3 Asset Management increased its position in STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 613,075 shares of the company’s stock after acquiring an additional 96,913 shares during the quarter. STF Tactical Growth & Income ETF comprises about 5.3% of Q3 Asset Management’s investment portfolio, making the stock its 2nd biggest position. Q3 Asset Management owned about 22.54% of STF Tactical Growth & Income ETF worth $15,081,000 at the end of the most recent reporting period.

STF Tactical Growth & Income ETF Company Profile

The STF Tactical Growth & Income ETF (TUGN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that allocates among equities, fixed income, and money markets, depending on signals derived from a proprietary algo that tracks the price action across asset classes.