Sound Equity Income ETF (NYSEARCA:SDEI) Stock Price Up 1.2% – Should You Buy?

Shares of Sound Equity Income ETF (NYSEARCA:SDEI) were up 1.2% during mid-day trading on Monday . The stock traded as high as $25.60 and last traded at $25.60. Approximately 4,300 shares traded hands during trading, a decline of 6% from the average daily volume of 4,581 shares. The stock had previously closed at $25.30.

Sound Equity Income ETF Price Performance

The company has a market capitalization of $27.65 million, a price-to-earnings ratio of 11.17 and a beta of 0.72. The business’s 50-day simple moving average is $25.60.

Sound Equity Income ETF Company Profile

The Sound Equity Income ETF (SDEI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. SDEI was launched on Dec 30, 2020 and is managed by Sound Income Strategies.