SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) Trading 0.1% Higher – Here’s What Happened

SmartETFs Dividend Builder ETF (NYSEARCA:DIVS)’s share price was up 0.1% during trading on Friday . The stock traded as high as $30.39 and last traded at $30.39. Approximately 378 shares traded hands during trading, a decline of 87% from the average daily volume of 2,943 shares. The stock had previously closed at $30.36.

SmartETFs Dividend Builder ETF Stock Up 0.1 %

The company has a market capitalization of $36.47 million, a PE ratio of 25.30 and a beta of 0.71. The firm has a 50-day moving average of $29.64 and a two-hundred day moving average of $28.33.

Hedge Funds Weigh In On SmartETFs Dividend Builder ETF

An institutional investor recently raised its position in SmartETFs Dividend Builder ETF stock. Archer Investment Corp boosted its holdings in shares of SmartETFs Dividend Builder ETF (NYSEARCA:DIVS) by 91.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,322 shares of the company’s stock after purchasing an additional 1,110 shares during the quarter. Archer Investment Corp owned approximately 0.19% of SmartETFs Dividend Builder ETF worth $65,000 at the end of the most recent reporting period.

About SmartETFs Dividend Builder ETF

The SmartETFs Dividend Builder ETF (DIVS) is an exchange-traded fund that is based on the MSCI World NR index. The fund is an actively-managed portfolio of dividend-paying companies from both developed and emerging markets. The fund seeks income and consistent dividend growth. DIVS was launched on Mar 30, 2012 and is managed by SmartETFs.