ETF Managers Group LLC – ETFMG Alternative Harvest ETF said on June 20, 2023 that its board of directors declared a regular quarterly dividend of $0.03 per share ($0.12 annualized). Previously, the company paid $0.07 per share.
Shareholders of record as of June 22, 2023 received the payment on June 23, 2023.
At the current share price of $2.96 / share, the stock’s dividend yield is 4.05%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.98%, the lowest has been 0.48%, and the highest has been 8.75%. The standard deviation of yields is 1.80 (n=235).
The current dividend yield is 1.15 standard deviations above the historical average.
The company’s 3-Year dividend growth rate is 0.21%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 232 funds or institutions reporting positions in ETF Managers Group LLC – ETFMG Alternative Harvest ETF. This is a decrease of 20 owner(s) or 7.94% in the last quarter. Average portfolio weight of all funds dedicated to MJ is 0.00%, a decrease of 63.06%. Total shares owned by institutions decreased in the last three months by 31.43% to 6,027K shares. 
The put/call ratio of MJ is 0.11, indicating a bullish outlook.
What are Other Shareholders Doing?
LPL Financial holds 857K shares. In it’s prior filing, the firm reported owning 858K shares, representing a decrease of 0.10%. The firm decreased its portfolio allocation in MJ by 24.96% over the last quarter.
Bank Of Montreal holds 802K shares. In it’s prior filing, the firm reported owning 752K shares, representing an increase of 6.18%. The firm decreased its portfolio allocation in MJ by 9.54% over the last quarter.
Stratos Wealth Partners holds 478K shares. In it’s prior filing, the firm reported owning 522K shares, representing a decrease of 9.10%. The firm decreased its portfolio allocation in MJ by 20.21% over the last quarter.
Commonwealth Equity Services holds 314K shares. In it’s prior filing, the firm reported owning 311K shares, representing an increase of 0.66%. The firm increased its portfolio allocation in MJ by 72,507.60% over the last quarter.
Advisor Group Holdings holds 260K shares. In it’s prior filing, the firm reported owning 268K shares, representing a decrease of 2.88%. The firm decreased its portfolio allocation in MJ by 88.79% over the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.