Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) Shares Down 2.6% – Should You Sell?

Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM)’s stock price traded down 2.6% during mid-day trading on Tuesday . The stock traded as low as $23.22 and last traded at $23.64. 34,968 shares traded hands during trading, an increase of 36% from the average session volume of 25,650 shares. The stock had previously closed at $24.27.

Cabana Target Leading Sector Moderate ETF Stock Performance

The business has a 50 day simple moving average of $23.85 and a two-hundred day simple moving average of $23.31. The firm has a market capitalization of $103.07 million, a P/E ratio of 20.00 and a beta of 0.50.

Cabana Target Leading Sector Moderate ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a $0.2088 dividend. This represents a yield of 89.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Trading of Cabana Target Leading Sector Moderate ETF

A number of hedge funds have recently made changes to their positions in the stock. Assetmark Inc. bought a new position in Cabana Target Leading Sector Moderate ETF in the fourth quarter valued at $133,000. Citadel Advisors LLC purchased a new position in shares of Cabana Target Leading Sector Moderate ETF in the 3rd quarter worth about $530,000. Aegis Wealth Management Inc. bought a new position in shares of Cabana Target Leading Sector Moderate ETF during the 4th quarter valued at about $727,000. Triad Wealth Partners LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF during the 3rd quarter valued at about $984,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Cabana Target Leading Sector Moderate ETF during the 2nd quarter valued at about $4,104,000.

About Cabana Target Leading Sector Moderate ETF

The Cabana Target Leading Sector Moderate ETF (CLSM) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund seeks long-term growth by allocating to a mix of broad asset class ETFs in response to economic conditions. The fund uses an algorithm to select investments in sectors that it identifies as attractive pursuant to its moderate risk profile. CLSM was launched on Jul 12, 2021 and is managed by Exchange Traded Concepts.