Swan Hedged Equity US Large Cap ETF (BATS:HEGD) Stock Price Up 1.2% – Still a Buy?

Swan Hedged Equity US Large Cap ETF (BATS:HEGD)’s share price rose 1.2% during trading on Tuesday . The company traded as high as $25.37 and last traded at $25.51. Approximately 122,736 shares changed hands during trading, an increase of 53% from the average daily volume of 80,031 shares. The stock had previously closed at $25.21.

Swan Hedged Equity US Large Cap ETF Stock Performance

The firm’s 50 day moving average is $25.34 and its two-hundred day moving average is $24.71. The stock has a market capitalization of $463.26 million, a PE ratio of 25.32 and a beta of 0.55.

Swan Hedged Equity US Large Cap ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were paid a $0.0903 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a dividend yield of 36.0%.

Hedge Funds Weigh In On Swan Hedged Equity US Large Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of HEGD. EverSource Wealth Advisors LLC lifted its position in Swan Hedged Equity US Large Cap ETF by 27.3% in the second quarter. EverSource Wealth Advisors LLC now owns 7,866 shares of the company’s stock worth $185,000 after purchasing an additional 1,689 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Swan Hedged Equity US Large Cap ETF by 6.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,233 shares of the company’s stock worth $355,000 after purchasing an additional 889 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Swan Hedged Equity US Large Cap ETF in the 2nd quarter worth approximately $1,478,000. Baird Financial Group Inc. lifted its stake in Swan Hedged Equity US Large Cap ETF by 60.5% during the second quarter. Baird Financial Group Inc. now owns 73,253 shares of the company’s stock valued at $1,721,000 after purchasing an additional 27,617 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. boosted its holdings in Swan Hedged Equity US Large Cap ETF by 1.4% during the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 162,438 shares of the company’s stock worth $4,048,000 after buying an additional 2,216 shares in the last quarter.

About Swan Hedged Equity US Large Cap ETF

The Swan Hedged Equity US Large Cap ETF (HEGD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides hedged exposure to US large-cap companies using ETFs and options. HEGD was launched on Dec 22, 2020 and is managed by Swan.