InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Trading Down 1.3% – Here’s What Happened

Shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) were down 1.3% on Monday . The stock traded as low as $28.42 and last traded at $28.60. Approximately 32,330 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 38,701 shares. The stock had previously closed at $28.99.

InfraCap Equity Income Fund ETF Stock Performance

The firm has a market cap of $90.66 million, a P/E ratio of 19.06 and a beta of 1.02. The company has a 50-day moving average of $28.58 and a 200 day moving average of $27.82.

InfraCap Equity Income Fund ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

Institutional Investors Weigh In On InfraCap Equity Income Fund ETF

A hedge fund recently bought a new stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC purchased a new stake in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned about 0.38% of InfraCap Equity Income Fund ETF as of its most recent SEC filing.

InfraCap Equity Income Fund ETF Company Profile

The InfraCap Equity Income Fund ETF (ICAP) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to provide exposure to global stocks that pay dividends during normal market conditions. The fund seeks to maximize income and pursue total return. ICAP was launched on Dec 29, 2021 and is managed by InfraCap.