SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) Trading Down 0.9% – Time to Sell?

SmartETFs Dividend Builder ETF (NYSEARCA:DIVS)’s share price dropped 0.9% during mid-day trading on Monday . The company traded as low as $30.63 and last traded at $30.73. Approximately 454 shares were traded during trading, a decline of 88% from the average daily volume of 3,634 shares. The stock had previously closed at $31.01.

SmartETFs Dividend Builder ETF Trading Down 0.9%

The firm has a market capitalization of $39.95 million, a P/E ratio of 23.34 and a beta of 0.71. The stock has a 50 day simple moving average of $31.18 and a 200-day simple moving average of $30.79.

SmartETFs Dividend Builder ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Friday, September 26th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 26th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SmartETFs Dividend Builder ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,613 shares of the company’s stock, valued at approximately $327,000. Flow Traders U.S. LLC owned 0.82% of SmartETFs Dividend Builder ETF at the end of the most recent reporting period.

About SmartETFs Dividend Builder ETF

The SmartETFs Dividend Builder ETF (DIVS) is an exchange-traded fund that is based on the MSCI World NR index. The fund is an actively-managed portfolio of dividend-paying companies from both developed and emerging markets. The fund seeks income and consistent dividend growth. DIVS was launched on Mar 30, 2012 and is managed by SmartETFs.