Overlay Shares Large Cap Equity ETF (NYSEARCA:OVL) Shares Up 0.7% – Here’s Why

Overlay Shares Large Cap Equity ETF (NYSEARCA:OVLGet Free Report)’s share price rose 0.7% during mid-day trading on Wednesday . The stock traded as high as $53.73 and last traded at $53.46. Approximately 85,957 shares were traded during trading, an increase of 268% from the average daily volume of 23,361 shares. The stock had previously closed at $53.08.

Overlay Shares Large Cap Equity ETF Price Performance

The stock has a market cap of $182.83 million, a price-to-earnings ratio of 24.33 and a beta of 1.15. The business has a fifty day moving average of $53.72 and a 200 day moving average of $52.46.

Overlay Shares Large Cap Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, January 28th were given a dividend of $0.4706 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This is a positive change from Overlay Shares Large Cap Equity ETF’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 3.5%.

Institutional Trading of Overlay Shares Large Cap Equity ETF

Large investors have recently made changes to their positions in the stock. Nicolet Bankshares Inc. acquired a new position in shares of Overlay Shares Large Cap Equity ETF during the 2nd quarter valued at about $214,000. CoreCap Advisors LLC bought a new stake in Overlay Shares Large Cap Equity ETF during the third quarter worth approximately $57,000. Finally, Janney Montgomery Scott LLC grew its holdings in Overlay Shares Large Cap Equity ETF by 5.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 37,921 shares of the company’s stock valued at $2,018,000 after purchasing an additional 1,969 shares during the last quarter.

About Overlay Shares Large Cap Equity ETF

(Get Free Report)

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.

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