49 Wealth Management LLC lifted its holdings in shares of TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ – Free Report) by 9.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,340,018 shares of the company’s stock after purchasing an additional 284,896 shares during the period. TrueShares Low Volatility Equity Income ETF accounts for about 11.6% of 49 Wealth Management LLC’s portfolio, making the stock its 3rd largest position. 49 Wealth Management LLC owned 58.70% of TrueShares Low Volatility Equity Income ETF worth $121,528,000 as of its most recent SEC filing.
TrueShares Low Volatility Equity Income ETF Stock Up 0.6%
Shares of NYSEARCA DIVZ opened at $39.10 on Friday. The company has a market cap of $234.60 million, a price-to-earnings ratio of 17.36 and a beta of 0.65. TrueShares Low Volatility Equity Income ETF has a 12-month low of $30.37 and a 12-month high of $39.35. The firm’s 50-day simple moving average is $37.61 and its 200 day simple moving average is $36.58.
TrueShares Low Volatility Equity Income ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, February 26th. This is a positive change from TrueShares Low Volatility Equity Income ETF’s previous monthly dividend of $0.03.
About TrueShares Low Volatility Equity Income ETF
The TrueShares Low Volatility Equity Income ETF (DIVZ) is an exchange-traded fund that mostly invests in total market equity. The fund holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market. DIVZ was launched on Jan 27, 2021 and is managed by TrueShares.
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