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Listed Funds Trust – Overlay Shares Large Cap Equity ETF (OVL) Declares Dividend of $0.32

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Listed Funds Trust – Overlay Shares Large Cap Equity ETF said on July 3, 2023 that its board of directors declared a regular quarterly dividend of $0.32 per share ($1.27 annualized). Previously, the company paid $0.29 per share.

Shareholders of record as of July 6, 2023 will receive payment on July 7, 2023.

At the current share price of $35.89/share, the dividend yield of the stock is 3.55%.

Looking back five years and taking a sample each week, the average dividend yield was 4.63%, the low 3.50% and the high 7.88%. The standard deviation of returns is 0.81 (n=174).

The current dividend yield is 1.33 standard deviations below the historical average.

The company has not increased its dividend in the past three years.

What is fund sentiment?

There are 23 funds or institutions reporting positions in Listed Funds Trust – Overlay Shares Large Cap Equity ETF. This is a decrease of 4 owner(s) or 14.81% in the last quarter. Average portfolio weight of all funds dedicated to OVL is 0.23%, a decrease of 70.68%. The total number of shares held by institutions has decreased over the past three months by 43.52% to 3,712,000 shares.

What are the other shareholders doing?

Country Trust Bank holds 2,379,000 shares. No change in the last quarter.

Envestnet Asset Management holds 367,000 shares. In its previous filing, the company said it held 374,000 shares, representing a decrease of 2.01%. The company decreases its portfolio allocation in OVL of 1.66% over the last quarter.

Raymond James & Associates owns 316,000 shares. In its previous filing, the company said it held 315,000 shares, representing a raise by 0.07%. The company increase its portfolio allocation in OVL of 2.29% over the last quarter.

Lakeview Capital Partners owns 165,000 shares. In its previous filing, the company said it held 133,000 shares, representing a raise of 19.20%. The company increase its portfolio allocation in OVL of 23.34% over the last quarter.

Royal Bank of Canada owns 116,000 shares. In its previous filing, the company said it held 118,000 shares, representing a decrease of 2.07%. The company increase its portfolio allocation in OVL of 4.37% over the last quarter.

Further reading:

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.

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