SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Shares Down 0.3% – Time to Sell?

Shares of SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) fell 0.3% during trading on Wednesday . The stock traded as low as $32.63 and last traded at $32.70. 19,109 shares were traded during mid-day trading, an increase of 273% from the average session volume of 5,118 shares. The stock had previously closed at $32.80.

SGI Enhanced Market Leaders ETF Stock Performance

The business’s fifty day simple moving average is $33.03 and its 200-day simple moving average is $32.09. The company has a market capitalization of $194.89 million, a P/E ratio of 20.50 and a beta of 1.10.

SGI Enhanced Market Leaders ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.2382 per share. This represents a $0.95 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Hedge Funds Weigh In On SGI Enhanced Market Leaders ETF

A hedge fund recently bought a new stake in SGI Enhanced Market Leaders ETF stock. Wealthspire Advisors LLC bought a new position in SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 21,769 shares of the company’s stock, valued at approximately $640,000. Wealthspire Advisors LLC owned about 0.35% of SGI Enhanced Market Leaders ETF as of its most recent SEC filing.

About SGI Enhanced Market Leaders ETF

The SGI Enhanced Market Leaders ETF is an actively managed exchange-traded fund that seeks capital appreciation and current income. The fund primarily invests in large-capitalization companies listed within the Russell 1000® Index or S&P 500® Index, focusing on those considered “market leaders” based on strengthening business metrics and favorable quantitative factors. Additionally, the fund employs an options strategy, writing deep out-of-the-money put and call options with short durations (typically 1–7 days) to generate additional income.