InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Trading Down 1.3% – Here’s What Happened

Shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) were down 1.3% during mid-day trading on Monday . The company traded as low as $28.42 and last traded at $28.60. Approximately 32,330 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 38,701 shares. The stock had previously closed at $28.99.

InfraCap Equity Income Fund ETF Trading Down 1.3%

The business’s fifty day simple moving average is $28.58 and its 200 day simple moving average is $27.82. The stock has a market cap of $90.66 million, a price-to-earnings ratio of 19.06 and a beta of 1.02.

InfraCap Equity Income Fund ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 29th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

A hedge fund recently bought a new stake in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC bought a new position in shares of InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,028 shares of the company’s stock, valued at approximately $334,000. Janney Montgomery Scott LLC owned about 0.38% of InfraCap Equity Income Fund ETF at the end of the most recent quarter.

InfraCap Equity Income Fund ETF Company Profile

The InfraCap Equity Income Fund ETF (ICAP) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to provide exposure to global stocks that pay dividends during normal market conditions. The fund seeks to maximize income and pursue total return. ICAP was launched on Dec 29, 2021 and is managed by InfraCap.