InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Stock Price Down 0.2% – What’s Next?

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) dropped 0.2% during trading on Wednesday . The company traded as low as $25.59 and last traded at $25.61. Approximately 6,396 shares changed hands during trading, a decline of 39% from the average daily volume of 10,452 shares. The stock had previously closed at $25.67.

InfraCap Equity Income Fund ETF Trading Down 0.2%

The stock has a fifty day moving average of $24.09 and a two-hundred day moving average of $25.64. The stock has a market capitalization of $61.46 million, a price-to-earnings ratio of 18.69 and a beta of 1.02.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in InfraCap Equity Income Fund ETF stock. OLD Mission Capital LLC bought a new position in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,010 shares of the company’s stock, valued at approximately $527,000. OLD Mission Capital LLC owned about 0.94% of InfraCap Equity Income Fund ETF at the end of the most recent quarter.

About InfraCap Equity Income Fund ETF

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.