CP High Yield Trend ETF (HYTR) to Issue Monthly Dividend of $0.09 on February 18th

CP High Yield Trend ETF (NYSEARCA:HYTR) declared a monthly dividend on Thursday, February 12th. Shareholders of record on Friday, February 13th will be paid a dividend of 0.0915 per share on Wednesday, February 18th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, February 13th.

CP High Yield Trend ETF Trading Down 0.4%

Shares of HYTR stock opened at $21.78 on Friday. CP High Yield Trend ETF has a 12 month low of $20.82 and a 12 month high of $22.14. The stock has a market cap of $240.02 million, a P/E ratio of 10.56 and a beta of 0.25. The company has a 50 day simple moving average of $21.79 and a two-hundred day simple moving average of $21.81.

Hedge Funds Weigh In On CP High Yield Trend ETF

A hedge fund recently raised its stake in CP High Yield Trend ETF stock. West Michigan Advisors LLC lifted its holdings in CP High Yield Trend ETF (NYSEARCA:HYTR) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,371 shares of the company’s stock after acquiring an additional 689 shares during the period. West Michigan Advisors LLC owned 0.09% of CP High Yield Trend ETF worth $225,000 at the end of the most recent reporting period.

About CP High Yield Trend ETF

The CP High Yield Trend ETF (HYTR) is an exchange-traded fund that is based on the CP High Yield Trend index. The fund aims to reduce risk by tracking a rules-based quantitative index of US bonds that will toggling between high yield and treasuries based on momentum. HYTR was launched on Jan 21, 2020 and is managed by Counterpoint.