TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) Stock Price Pass Above 50-Day Moving Average – Time to Sell?

Posted by Alanna Baker on Dec 6th, 2024

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $33.31 and traded as high as $33.61. TrueShares Low Volatility Equity Income ETF shares last traded at $33.53, with a volume of 7,106 shares changing hands.

TrueShares Low Volatility Equity Income ETF Price Performance

The firm has a market capitalization of $73.33 million, a PE ratio of 16.42 and a beta of 0.63. The stock’s 50-day moving average price is $33.34 and its 200 day moving average price is $31.95.

TrueShares Low Volatility Equity Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 30th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This is an increase from TrueShares Low Volatility Equity Income ETF’s previous dividend of $0.04.

Hedge Funds Weigh In On TrueShares Low Volatility Equity Income ETF

An institutional investor recently raised its position in TrueShares Low Volatility Equity Income ETF stock. 49 Wealth Management LLC raised its holdings in TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ – Free Report) by 25.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,844,282 shares of the company’s stock after purchasing an additional 378,316 shares during the quarter. TrueShares Low Volatility Equity Income ETF accounts for about 9.9% of 49 Wealth Management LLC’s holdings, making the stock its biggest position. 49 Wealth Management LLC owned approximately 83.83% of TrueShares Low Volatility Equity Income ETF worth $60,789,000 at the end of the most recent quarter.

TrueShares Low Volatility Equity Income ETF Company Profile

(Get Free Report)

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.