Sound Equity Income ETF (NYSEARCA:SDEI) Trading Up 1.2% – Here’s What Happened

Shares of Sound Equity Income ETF (NYSEARCA:SDEIGet Free Report) shot up 1.2% during mid-day trading on Tuesday . The company traded as high as $25.60 and last traded at $25.60. 4,300 shares were traded during trading, a decline of 6% from the average session volume of 4,581 shares. The stock had previously closed at $25.30.

Sound Equity Income ETF Stock Performance

The company has a 50-day simple moving average of $25.60. The company has a market cap of $27.65 million, a PE ratio of 11.17 and a beta of 0.72.

Sound Equity Income ETF Company Profile

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The Sound Equity Income ETF (SDEI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed, narrow portfolio, of US large- and mid-cap stocks, fundamentally selected for capital appreciation and dividend yield. SDEI was launched on Dec 30, 2020 and is managed by Sound Income Strategies.

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