Essential 40 Stock ETF (NASDAQ:ESN) Trading Up 0.2% – Still a Buy?

Essential 40 Stock ETF (NASDAQ:ESN) shares rose 0.2% during mid-day trading on Friday . The stock traded as high as $18.19 and last traded at $18.18. Approximately 26,144 shares changed hands during trading, a decline of 48% from the average daily volume of 50,066 shares. The stock had previously closed at $18.15.

Essential 40 Stock ETF Price Performance

The stock has a market capitalization of $213.62 million, a price-to-earnings ratio of 19.18 and a beta of 0.79. The stock has a 50-day moving average of $17.73 and a 200 day moving average of $17.19.

Essential 40 Stock ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 11th were given a dividend of $0.156 per share. The ex-dividend date was Thursday, December 11th. This represents a dividend yield of 91.0%.

Hedge Funds Weigh In On Essential 40 Stock ETF

A hedge fund recently raised its stake in Essential 40 Stock ETF stock. Legacy Financial Group LLC boosted its holdings in shares of Essential 40 Stock ETF (NASDAQ:ESN) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,891,621 shares of the company’s stock after acquiring an additional 59,758 shares during the period. Essential 40 Stock ETF accounts for 4.3% of Legacy Financial Group LLC’s portfolio, making the stock its 6th largest position. Legacy Financial Group LLC owned 16.10% of Essential 40 Stock ETF worth $34,382,000 as of its most recent SEC filing.

Essential 40 Stock ETF Company Profile

The Essential 40 Stock ETF (ESN) is an exchange-traded fund that is based on the Essential 40 Stock index. The fund attempts to track an index of 40 US blue-chip stocks that are deemed essential to the US economy by the index provider. Holdings are equally weighted in the index ESN was launched on Jun 11, 2014 and is issued by KKM Financial.