InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Shares Down 0% – Time to Sell?

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP)’s stock price traded down 0% during trading on Thursday . The stock traded as low as $25.50 and last traded at $25.64. 2,571 shares were traded during mid-day trading, a decline of 75% from the average session volume of 10,336 shares. The stock had previously closed at $25.65.

InfraCap Equity Income Fund ETF Price Performance

The stock has a 50 day simple moving average of $26.34 and a two-hundred day simple moving average of $26.82. The company has a market cap of $59.39 million, a price-to-earnings ratio of 18.05 and a beta of 1.03.

InfraCap Equity Income Fund ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were issued a $0.19 dividend. This is a boost from InfraCap Equity Income Fund ETF’s previous dividend of $0.18. The ex-dividend date was Thursday, February 27th.

Hedge Funds Weigh In On InfraCap Equity Income Fund ETF

An institutional investor recently bought a new position in InfraCap Equity Income Fund ETF stock. OLD Mission Capital LLC purchased a new stake in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,010 shares of the company’s stock, valued at approximately $527,000. OLD Mission Capital LLC owned approximately 0.94% of InfraCap Equity Income Fund ETF at the end of the most recent reporting period.

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.