SWP Growth & Income ETF (NASDAQ:SWP) Trading 3% Higher – Should You Buy?

Shares of SWP Growth & Income ETF (NASDAQ:SWP) traded up 3% during mid-day trading on Wednesday . The company traded as high as $27.75 and last traded at $27.67. 11,975 shares traded hands during trading, a decline of 6% from the average session volume of 12,688 shares. The stock had previously closed at $26.86.

SWP Growth & Income ETF Stock Up 3.0%

The business has a 50-day moving average price of $28.06 and a 200-day moving average price of $28.19. The firm has a market capitalization of $140.84 million, a price-to-earnings ratio of 26.16 and a beta of 0.99.

SWP Growth & Income ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were given a dividend of $0.6332 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $2.53 dividend on an annualized basis and a dividend yield of 9.2%.

Hedge Funds Weigh In On SWP Growth & Income ETF

An institutional investor recently raised its position in SWP Growth & Income ETF stock. Strategic Wealth Partners Ltd. raised its holdings in shares of SWP Growth & Income ETF (NASDAQ:SWP) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,469,615 shares of the company’s stock after purchasing an additional 127,314 shares during the period. SWP Growth & Income ETF accounts for approximately 7.2% of Strategic Wealth Partners Ltd.’s investment portfolio, making the stock its biggest holding. Strategic Wealth Partners Ltd. owned about 86.09% of SWP Growth & Income ETF worth $96,033,000 at the end of the most recent quarter.

SWP Growth & Income ETF Company Profile

The SWP Growth & Income ETF (SWP) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects income-producing companies in the US that exhibit quality characteristics. It selects securities of any capitalization but significantly focuses on the large-cap spectrum. SWP was launched on Sep 25, 2024 and is issued by SWP.