Spinnaker Investment Group LLC Makes New $271,000 Investment in TBG Dividend Focus ETF (NYSEARCA:TBG)

Spinnaker Investment Group LLC acquired a new stake in TBG Dividend Focus ETF (NYSEARCA:TBG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,502 shares of the company’s stock, valued at approximately $271,000.

A number of other hedge funds also recently made changes to their positions in TBG. Signaturefd LLC acquired a new position in shares of TBG Dividend Focus ETF during the 3rd quarter worth approximately $54,000. Concourse Financial Group Securities Inc. boosted its position in TBG Dividend Focus ETF by 516.3% during the second quarter. Concourse Financial Group Securities Inc. now owns 2,268 shares of the company’s stock worth $66,000 after purchasing an additional 1,900 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of TBG Dividend Focus ETF in the first quarter valued at $119,000.

TBG Dividend Focus ETF Stock Performance

NYSEARCA TBG opened at $32.69 on Friday. The stock has a market cap of $68.65 million, a PE ratio of 18.18 and a beta of 0.55. The firm has a 50-day moving average of $32.16 and a 200-day moving average of $30.40. TBG Dividend Focus ETF has a 52-week low of $25.08 and a 52-week high of $33.32.

About TBG Dividend Focus ETF

The TBG Dividend Focus ETF (TBG) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed portfolio of dividend-paying US companies selected using fundamental analysis. The fund seeks to provide income and long-term capital appreciation TBG was launched on Nov 6, 2023 and is issued by EA Series Trust.