PeakShares Sector Rotation ETF (NASDAQ:PSTR) Stock Price Down 0.3% – Time to Sell?

PeakShares Sector Rotation ETF (NASDAQ:PSTR) shares were down 0.3% during mid-day trading on Wednesday . The stock traded as low as $30.94 and last traded at $30.98. Approximately 291 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 3,252 shares. The stock had previously closed at $31.08.

PeakShares Sector Rotation ETF Stock Down 0.3%

The firm has a 50 day simple moving average of $29.48 and a 200-day simple moving average of $29.24. The company has a market cap of $58.86 million, a PE ratio of -2.47 and a beta of 0.63.

PeakShares Sector Rotation ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 23rd were paid a $0.3594 dividend. This represents a $1.44 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, March 23rd. PeakShares Sector Rotation ETF’s payout ratio is -11.54%.

Hedge Funds Weigh In On PeakShares Sector Rotation ETF

A hedge fund recently bought a new stake in PeakShares Sector Rotation ETF stock. Mosley Wealth Management bought a new stake in PeakShares Sector Rotation ETF (NASDAQ:PSTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 42,899 shares of the company’s stock, valued at approximately $1,230,000. Mosley Wealth Management owned about 2.33% of PeakShares Sector Rotation ETF at the end of the most recent reporting period.

About PeakShares Sector Rotation ETF

The Peakshares Sector Rotation ETF (PSTR) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide total return by actively managing a narrow portfolio of US equities. The portfolio rotates towards sectors thought to have the greatest potential for outperformance. PSTR was launched on Apr 30, 2024 and is issued by Peak.