49 Wealth Management LLC Has $427,000 Position in Timothy Plan High Dividend Stock ETF $TPHD

49 Wealth Management LLC increased its position in shares of Timothy Plan High Dividend Stock ETF (NYSEARCA:TPHD) by 22.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,288 shares of the company’s stock after purchasing an additional 2,092 shares during the quarter. 49 Wealth Management LLC owned 0.14% of Timothy Plan High Dividend Stock ETF worth $427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Christian Investment Advisors Inc. lifted its holdings in shares of Timothy Plan High Dividend Stock ETF by 3,368.2% in the second quarter. Christian Investment Advisors Inc. now owns 555,613 shares of the company’s stock worth $21,002,000 after acquiring an additional 539,593 shares during the last quarter. OneAscent Financial Services LLC boosted its stake in Timothy Plan High Dividend Stock ETF by 88.7% during the first quarter. OneAscent Financial Services LLC now owns 155,414 shares of the company’s stock worth $5,850,000 after acquiring an additional 73,052 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Timothy Plan High Dividend Stock ETF during the first quarter valued at approximately $1,564,000. CWM LLC increased its holdings in Timothy Plan High Dividend Stock ETF by 18.2% during the 1st quarter. CWM LLC now owns 162,069 shares of the company’s stock worth $6,097,000 after purchasing an additional 24,938 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Timothy Plan High Dividend Stock ETF by 4.8% during the 1st quarter. LPL Financial LLC now owns 452,110 shares of the company’s stock valued at $17,008,000 after acquiring an additional 20,582 shares in the last quarter.

Timothy Plan High Dividend Stock ETF Trading Up 0.8%

Shares of TPHD opened at $38.21 on Monday. The stock has a 50 day moving average of $38.76 and a 200 day moving average of $38.15. The company has a market capitalization of $311.41 million, a price-to-earnings ratio of 18.95 and a beta of 0.83. Timothy Plan High Dividend Stock ETF has a 12 month low of $32.60 and a 12 month high of $39.67.

Timothy Plan High Dividend Stock ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, November 7th will be given a $0.0336 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, November 7th.

Timothy Plan High Dividend Stock ETF Profile

The Timothy Plan High Dividend Stock ETF (TPHD) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a volatility-weighted index of US high dividend large-caps screened for Christian values. TPHD was launched on Apr 29, 2019 and is managed by Timothy.