PeakShares Sector Rotation ETF (NASDAQ:PSTR) Shares Down 0.2% – Time to Sell?

Shares of PeakShares Sector Rotation ETF (NASDAQ:PSTR) dropped 0.2% during trading on Thursday . The stock traded as low as $29.48 and last traded at $29.4804. Approximately 951 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 3,395 shares. The stock had previously closed at $29.53.

PeakShares Sector Rotation ETF Trading Down 0.2%

The company has a market capitalization of $54.24 million, a PE ratio of -2.35 and a beta of 0.63. The firm’s 50-day simple moving average is $29.23 and its 200-day simple moving average is $28.76.

PeakShares Sector Rotation ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Tuesday, December 16th were paid a $0.3912 dividend. 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. The ex-dividend date of this dividend was Tuesday, December 16th. PeakShares Sector Rotation ETF’s payout ratio is currently -11.39%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new position in shares of PeakShares Sector Rotation ETF (NASDAQ:PSTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,899 shares of the company’s stock, valued at approximately $1,230,000. Mosley Wealth Management owned 2.33% of PeakShares Sector Rotation ETF as of its most recent SEC filing.

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.