Frontier Asset Management LLC Cuts Stake in Timothy Plan High Dividend Stock ETF $TPHD

Frontier Asset Management LLC cut its holdings in shares of Timothy Plan High Dividend Stock ETF (NYSEARCA:TPHD) by 56.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,690 shares of the company’s stock after selling 58,544 shares during the period. Frontier Asset Management LLC owned 0.55% of Timothy Plan High Dividend Stock ETF worth $1,758,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Inspire Advisors LLC grew its stake in Timothy Plan High Dividend Stock ETF by 4.3% during the 3rd quarter. Inspire Advisors LLC now owns 103,597 shares of the company’s stock worth $4,075,000 after buying an additional 4,250 shares during the last quarter. Moneywise Inc. boosted its holdings in Timothy Plan High Dividend Stock ETF by 8.9% in the third quarter. Moneywise Inc. now owns 21,784 shares of the company’s stock worth $857,000 after acquiring an additional 1,789 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Timothy Plan High Dividend Stock ETF in the third quarter worth about $363,000. LifeWealth Investments LLC purchased a new stake in shares of Timothy Plan High Dividend Stock ETF during the third quarter worth about $279,000. Finally, Whitaker Myers Wealth Managers LTD. increased its holdings in shares of Timothy Plan High Dividend Stock ETF by 10.8% during the third quarter. Whitaker Myers Wealth Managers LTD. now owns 8,694 shares of the company’s stock valued at $342,000 after acquiring an additional 848 shares in the last quarter.

Timothy Plan High Dividend Stock ETF Stock Down 0.0%

Shares of Timothy Plan High Dividend Stock ETF stock opened at $40.19 on Tuesday. The company has a 50 day moving average price of $38.83 and a 200 day moving average price of $38.75. The firm has a market capitalization of $329.56 million, a P/E ratio of 18.95 and a beta of 0.83. Timothy Plan High Dividend Stock ETF has a 52 week low of $32.60 and a 52 week high of $40.26.

Timothy Plan High Dividend Stock ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Thursday, January 8th were issued a $0.0287 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%.

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.