Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Reaches New 12-Month High – Time to Buy?

Shares of Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.90 and last traded at $22.89, with a volume of 97240 shares changing hands. The stock had previously closed at $22.78.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

The company has a market cap of $648.47 million, a price-to-earnings ratio of 24.18 and a beta of 0.74. The business has a 50-day simple moving average of $22.32 and a 200-day simple moving average of $22.25.

Strategy Shares Nasdaq 7HANDL Index ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, April 14th were issued a $0.1303 dividend. The ex-dividend date was Tuesday, April 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HNDL. Kestra Advisory Services LLC increased its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the 1st quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock valued at $2,990,000 after acquiring an additional 125,029 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 3rd quarter valued at about $633,000. Wellington Shields & Co. LLC purchased a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter valued at about $337,000. Jackson Hole Capital Partners LLC purchased a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter valued at about $330,000. Finally, Summit Financial LLC increased its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 9.4% in the 4th quarter. Summit Financial LLC now owns 173,508 shares of the company’s stock valued at $3,821,000 after acquiring an additional 14,979 shares during the last quarter.

About Strategy Shares Nasdaq 7HANDL Index ETF

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.