Sound Equity Dividend Income ETF

DIVY

Market cap $28.4M

DIVY is an actively managed fund with a 4.67% 30-day SEC yield and a 10.68x forward P/E. It's currently comprised of 36 stocks and the ETF has a 0.45% ER. In my peer group comparison with FDVV, SCHD, HDV, and FDL, DIVY's yield and valuation metrics were the strongest. However, DIVY has delivered below-average results since its launch. My fundamental analysis reveals poor quality and growth as the likely reasons. Low earnings growth and profit margins will limit dividend growth and protection in market downturns.

NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Tidal Investments LLC (“Tidal”) announced today that Sound Income, a renowned asset management firm, will change the listing exchange for shares of each of the following series (each, an “ETF” and, collectively, the “ETFs”) of Sound Income ETF Trust (the “Trust”) from NYSE Arca, Inc. to the New York Stock Exchange LLC (“NYSE”), effective June 21, 2024: