ETC 6 Meridian Quality Growth ETF (NYSEARCA:SXQG) Stock Price Down 1% – Time to Sell?

ETC 6 Meridian Quality Growth ETF (NYSEARCA:SXQG)’s stock price dropped 1% during mid-day trading on Thursday . The company traded as low as $32.99 and last traded at $32.99. Approximately 662 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 3,351 shares. The stock had previously closed at $33.33.

ETC 6 Meridian Quality Growth ETF Trading Down 1.0%

The company has a market capitalization of $65.98 million, a price-to-earnings ratio of 28.56 and a beta of 1.04. The company’s 50 day simple moving average is $33.28 and its 200-day simple moving average is $32.55.

ETC 6 Meridian Quality Growth ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 28th were given a dividend of $0.0021 per share. The ex-dividend date was Thursday, August 28th. This represents a c) dividend on an annualized basis and a yield of 0.1%.

ETC 6 Meridian Quality Growth ETF Company Profile

The ETC 6 Meridian Quality Growth ETF (SXQG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US-based companies that exhibit high quality and growth characteristics relative to their peers. SXQG was launched on May 10, 2021 and is managed by Meridian.