PeakShares Sector Rotation ETF (NASDAQ:PSTR) Trading 1.1% Higher – Still a Buy?

PeakShares Sector Rotation ETF (NASDAQ:PSTR) shares traded up 1.1% during trading on Monday . The company traded as high as $29.13 and last traded at $29.13. 281 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 2,850 shares. The stock had previously closed at $28.82.

PeakShares Sector Rotation ETF Price Performance

The stock has a market cap of $55.35 million, a PE ratio of -2.32 and a beta of 0.63. The business has a fifty day moving average of $28.94 and a 200 day moving average of $28.91.

PeakShares Sector Rotation ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were issued a $0.3594 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.44 dividend on an annualized basis and a yield of 4.9%. PeakShares Sector Rotation ETF’s dividend payout ratio is currently -11.54%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PeakShares Sector Rotation ETF stock. Mosley Wealth Management purchased a new stake in PeakShares Sector Rotation ETF (NASDAQ:PSTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,899 shares of the company’s stock, valued at approximately $1,230,000. Mosley Wealth Management owned about 2.33% of PeakShares Sector Rotation ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

PeakShares Sector Rotation ETF Company Profile

The Peakshares Sector Rotation ETF (PSTR) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide total return by actively managing a narrow portfolio of US equities. The portfolio rotates towards sectors thought to have the greatest potential for outperformance. PSTR was launched on Apr 30, 2024 and is issued by Peak.