Janney Montgomery Scott LLC Sells 2,729 Shares of Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL)

Janney Montgomery Scott LLC cut its position in Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,793 shares of the company’s stock after selling 2,729 shares during the period. Janney Montgomery Scott LLC owned about 1.31% of Overlay Shares Large Cap Equity ETF worth $2,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Fiduciary Alliance LLC purchased a new position in shares of Overlay Shares Large Cap Equity ETF during the third quarter valued at approximately $242,000.

Overlay Shares Large Cap Equity ETF Price Performance

OVL stock opened at $48.08 on Wednesday. Overlay Shares Large Cap Equity ETF has a 12 month low of $34.57 and a 12 month high of $49.50. The company has a market capitalization of $182.70 million, a PE ratio of 25.46 and a beta of 1.18. The firm’s 50-day moving average is $45.92 and its 200 day moving average is $44.26.

Overlay Shares Large Cap Equity ETF Increases Dividend

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

About Overlay Shares Large Cap Equity ETF

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.