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

TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ)’s share price traded up 0.4% during trading on Wednesday . The company traded as high as $33.70 and last traded at $33.70. 9,007 shares traded hands during 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 Stock Up 0.4 %

The firm has a market capitalization of $74.14 million, a price-to-earnings ratio of 16.42 and a beta of 0.63. The stock has a 50-day moving average price of $33.07 and a 200 day moving average price of $31.69.

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 paid a dividend of $0.075 per share. This is a boost from TrueShares Low Volatility Equity Income ETF’s previous dividend of $0.04. The ex-dividend date was Wednesday, October 30th.

Institutional Investors 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 position in TrueShares Low Volatility Equity Income ETF (NYSEARCA:DIVZ) by 25.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 approximately 9.9% of 49 Wealth Management LLC’s portfolio, 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

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.