TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) Shares Up 0.4% – Should You Buy?

Shares of TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) shot up 0.4% during trading on Wednesday . The company traded as high as $33.70 and last traded at $33.70. 9,007 shares were traded during mid-day trading, a decline of 57% from the average session volume of 21,175 shares. The stock had previously closed at $33.58.

TrueShares Low Volatility Equity Income ETF Price Performance

The firm’s 50-day moving average is $33.07 and its 200-day moving average is $31.69. The company has a market capitalization of $74.14 million, a P/E ratio of 16.42 and a beta of 0.63.

TrueShares Low Volatility Equity Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 30th were issued 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 lifted its stake in TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) by 25.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,844,282 shares of the company’s stock after buying an additional 378,316 shares during the quarter. TrueShares Low Volatility Equity Income ETF makes up about 9.9% of 49 Wealth Management LLC’s investment portfolio, making the stock its largest position. 49 Wealth Management LLC owned about 83.83% of TrueShares Low Volatility Equity Income ETF worth $60,789,000 as of its most recent filing with the SEC.

TrueShares Low Volatility Equity Income ETF Company Profile

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.