ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Shares Up 0.1% After Dividend Announcement

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS)’s share price shot up 0.1% during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $48.58 and last traded at $48.35. 1,925 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 3,452 shares. The stock had previously closed at $48.31.

The newly announced dividend which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 30th will be issued a $0.0362 dividend. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, October 30th.

ETC 6 Meridian Small Cap Equity ETF Price Performance

The firm has a fifty day moving average price of $49.78 and a two-hundred day moving average price of $47.80. The stock has a market capitalization of $103.95 million, a PE ratio of 11.13 and a beta of 0.83.

Institutional Investors Weigh In On ETC 6 Meridian Small Cap Equity ETF

An institutional investor recently raised its position in ETC 6 Meridian Small Cap Equity ETF stock. HighTower Advisors LLC boosted its stake in shares of ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,927,058 shares of the company’s stock after buying an additional 87,951 shares during the quarter. HighTower Advisors LLC owned approximately 94.93% of ETC 6 Meridian Small Cap Equity ETF worth $90,206,000 as of its most recent SEC filing.

ETC 6 Meridian Small Cap Equity ETF Company Profile

The ETC 6 Meridian Small Cap Equity ETF (SIXS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a portfolio of US small-caps with low beta and value characteristics, actively selected from the S&P 600. SIXS was launched on May 11, 2020 and is managed by Meridian.