Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Up 0.7% – What’s Next?

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)’s share price shot up 0.7% on Wednesday . The company traded as high as $49.02 and last traded at $49.02. 23,164 shares changed hands during trading, a decline of 55% from the average session volume of 51,156 shares. The stock had previously closed at $48.68.

Overlay Shares Large Cap Equity ETF Stock Up 0.3 %

The firm has a 50 day moving average of $47.06 and a two-hundred day moving average of $45.06. The firm has a market capitalization of $186.50 million, a price-to-earnings ratio of 25.46 and a beta of 1.18.

Overlay Shares Large Cap Equity ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.3758 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This is a boost from Overlay Shares Large Cap Equity ETF’s previous dividend of $0.32.

Institutional Trading of Overlay Shares Large Cap Equity ETF

A hedge fund recently bought a new stake in Overlay Shares Large Cap Equity ETF stock. Fiduciary Alliance LLC acquired a new stake in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,217 shares of the company’s stock, valued at approximately $242,000. Fiduciary Alliance LLC owned 0.14% of Overlay Shares Large Cap Equity ETF at the end of the most recent reporting period.

Overlay Shares Large Cap Equity ETF Company Profile

The Overlay Shares Large Cap Equity ETF (OVL) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to large cap U.S. equities combined with a put spread option overlay strategy. OVL was launched on Sep 30, 2019 and is managed by Overlay Shares.