Ethos Capital Management Inc. Makes New $1.88 Million Investment in Overlay Shares Core Bond ETF $OVB

Ethos Capital Management Inc. purchased a new position in shares of Overlay Shares Core Bond ETF (NYSEARCA:OVB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 91,422 shares of the company’s stock, valued at approximately $1,876,000. Overlay Shares Core Bond ETF makes up about 1.8% of Ethos Capital Management Inc.’s holdings, making the stock its 11th biggest position. Ethos Capital Management Inc. owned about 5.64% of Overlay Shares Core Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Separately, Bison Wealth LLC grew its stake in shares of Overlay Shares Core Bond ETF by 77.9% in the 4th quarter. Bison Wealth LLC now owns 459,206 shares of the company’s stock worth $9,286,000 after purchasing an additional 201,124 shares during the last quarter.

Overlay Shares Core Bond ETF Price Performance

Shares of OVB opened at $20.56 on Wednesday. The firm’s 50 day moving average is $20.68 and its 200-day moving average is $20.70. The stock has a market capitalization of $49.55 million, a P/E ratio of 24.69 and a beta of 0.40. Overlay Shares Core Bond ETF has a 12-month low of $19.52 and a 12-month high of $21.00.

Overlay Shares Core Bond ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th were paid a $0.0841 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.34 annualized dividend and a dividend yield of 1.6%.

Overlay Shares Core Bond ETF Profile

The Overlay Shares Core Bond ETF (OVB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is actively managed to provide exposure to U.S. Investment-grade bonds combined with a U.S OVB was launched on Sep 30, 2019 and is managed by Overlay Shares.