Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) Stock Price Down 1.9% – Should You Sell?

Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) was down 1.9% on Friday . The stock traded as low as $24.46 and last traded at $24.47. Approximately 881 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 8,942 shares. The stock had previously closed at $24.95.

Clockwise Core Equity & Innovation ETF Price Performance

The company has a market capitalization of $22.76 million, a P/E ratio of -815.67 and a beta of 1.15. The business’s 50-day moving average price is $24.84 and its two-hundred day moving average price is $24.21.

Clockwise Core Equity & Innovation ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 28th were issued a dividend of $2.2949 per share. This represents a yield of 966.0%. The ex-dividend date was Thursday, August 28th. Clockwise Core Equity & Innovation ETF’s dividend payout ratio (DPR) is -14,700.00%.

Institutional Investors Weigh In On Clockwise Core Equity & Innovation ETF

An institutional investor recently bought a new position in Clockwise Core Equity & Innovation ETF stock. Betterment LLC acquired a new position in shares of Clockwise Core Equity & Innovation ETF (NYSEARCA:TIME) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,487 shares of the company’s stock, valued at approximately $216,000. Betterment LLC owned 0.91% of Clockwise Core Equity & Innovation ETF as of its most recent SEC filing. 89.28% of the stock is currently owned by institutional investors and hedge funds.

Clockwise Core Equity & Innovation ETF Company Profile

The Clockwise Capital Innovation ETF (TIME) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed and aims to invest in domestic companies that best utilize 5G internet and cloud-based products and services. TIME was launched on Jan 27, 2022 and is managed by Clockwise Capital.