STF Tactical Growth & Income ETF (NASDAQ:TUGN) Trading Down 0.5% – Should You Sell?

STF Tactical Growth & Income ETF (NASDAQ:TUGN)’s share price fell 0.5% during mid-day trading on Thursday . The company traded as low as $23.37 and last traded at $23.64. 10,767 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 21,847 shares. The stock had previously closed at $23.77.

STF Tactical Growth & Income ETF Stock Performance

The firm’s 50 day moving average is $24.71 and its 200 day moving average is $25.43. The stock has a market cap of $64.30 million, a P/E ratio of 32.38 and a beta of 0.70.

STF Tactical Growth & Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a dividend of $0.2451 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%.

Institutional Trading of STF Tactical Growth & Income ETF

A hedge fund recently raised its stake in STF Tactical Growth & Income ETF stock. Q3 Asset Management increased its holdings in shares of STF Tactical Growth & Income ETF (NASDAQ:TUGN) by 18.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 613,075 shares of the company’s stock after buying an additional 96,913 shares during the quarter. STF Tactical Growth & Income ETF accounts for about 5.3% of Q3 Asset Management’s portfolio, making the stock its 2nd largest position. Q3 Asset Management owned approximately 22.54% of STF Tactical Growth & Income ETF worth $15,081,000 as of its most recent SEC filing.

About STF Tactical Growth & Income ETF

The STF Tactical Growth & Income ETF (TUGN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that allocates among equities, fixed income, and money markets, depending on signals derived from a proprietary algo that tracks the price action across asset classes. The fund employs an option spread strategy to potentially increase the funds returns TUGN was launched on May 19, 2022 and is managed by STF.