PeakShares Sector Rotation ETF (NASDAQ:PSTR) Stock Price Down 0.2% – Here’s What Happened

Shares of PeakShares Sector Rotation ETF (NASDAQ:PSTR) fell 0.2% during trading on Wednesday . The stock traded as low as $29.41 and last traded at $29.41. 1,609 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 3,067 shares. The stock had previously closed at $29.47.

PeakShares Sector Rotation ETF Stock Down 0.2%

The stock has a fifty day simple moving average of $29.06 and a 200-day simple moving average of $28.59. The company has a market capitalization of $54.11 million, a P/E ratio of -2.34 and a beta of 0.63.

PeakShares Sector Rotation ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Tuesday, December 16th were issued a dividend of $0.3912 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.56 annualized dividend and a yield of 5.3%. This is an increase from PeakShares Sector Rotation ETF’s previous quarterly dividend of $0.36. PeakShares Sector Rotation ETF’s payout ratio is -11.39%.

About PeakShares Sector Rotation ETF

The Peakshares Sector Rotation ETF (PSTR) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide total return by actively managing a narrow portfolio of US equities. The portfolio rotates towards sectors thought to have the greatest potential for outperformance. PSTR was launched on Apr 30, 2024 and is issued by Peak.