ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Reaches New 1-Year High Following Dividend Announcement

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) shares hit a new 52-week high on Wednesday after the company announced a dividend. The stock traded as high as $43.32 and last traded at $42.7250, with a volume of 156 shares changing hands. The stock had previously closed at $42.86.

The newly announced dividend which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.0132 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, February 25th.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Down 0.2%

The company has a market cap of $545.45 million, a price-to-earnings ratio of 16.87 and a beta of 0.37. The business’s 50 day moving average price is $40.68 and its 200-day moving average price is $39.37.

Hedge Funds Weigh In On ETC 6 Meridian Hedged Equity Index Option Strategy

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy during the 2nd quarter worth approximately $229,000. HighTower Advisors LLC increased its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 2.2% during the 3rd quarter. HighTower Advisors LLC now owns 12,221,580 shares of the company’s stock worth $472,585,000 after buying an additional 263,500 shares during the period. Jane Street Group LLC bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the 1st quarter worth $1,272,000. OLD Mission Capital LLC lifted its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% during the fourth quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after buying an additional 6,600 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the second quarter valued at about $74,000.

ETC 6 Meridian Hedged Equity Index Option Strategy Company Profile

The ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to US equities and sellscall options against SPY. SIXH was launched on May 11, 2020 and is managed by Meridian.