ZEGA Investments LLC Invests $2.58 Million in SoFi Enhanced Yield ETF (NYSEARCA:THTA)

ZEGA Investments LLC purchased a new stake in shares of SoFi Enhanced Yield ETF (NYSEARCA:THTA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 135,319 shares of the company’s stock, valued at approximately $2,581,000. SoFi Enhanced Yield ETF accounts for about 0.6% of ZEGA Investments LLC’s holdings, making the stock its 25th largest position. ZEGA Investments LLC owned about 15.92% of SoFi Enhanced Yield ETF at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Centaurus Financial Inc. increased its holdings in shares of SoFi Enhanced Yield ETF by 16.9% in the 3rd quarter. Centaurus Financial Inc. now owns 413,303 shares of the company’s stock valued at $7,828,000 after acquiring an additional 59,729 shares during the period. Optivise Advisory Services LLC bought a new position in SoFi Enhanced Yield ETF in the third quarter worth about $4,134,000. Zega Financial LLC lifted its position in shares of SoFi Enhanced Yield ETF by 3.4% during the third quarter. Zega Financial LLC now owns 140,123 shares of the company’s stock valued at $2,654,000 after buying an additional 4,659 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of SoFi Enhanced Yield ETF in the 4th quarter valued at about $2,523,000.

SoFi Enhanced Yield ETF Stock Up 0.3 %

Shares of SoFi Enhanced Yield ETF stock opened at $19.10 on Friday. SoFi Enhanced Yield ETF has a 52-week low of $16.72 and a 52-week high of $20.49. The firm’s 50 day moving average price is $19.02 and its 200-day moving average price is $18.99. The company has a market cap of $49.66 million and a P/E ratio of 26.43.

SoFi Enhanced Yield ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 17th were issued a $0.1845 dividend. The ex-dividend date was Monday, March 17th.

SoFi Enhanced Yield ETF Company Profile

The SoFi Enhanced Yield ETF (THTA) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is an actively managed fund that invests in US government securities combined with a credit spread option strategy. The funds goal is to generate monthly income, and pursue risk-adjusted returns, independent of trends in the equity and bond markets THTA was launched on Nov 15, 2023 and is issued by SoFi.