SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Stock Price Up 0.9% – Time to Buy?

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX)’s stock price shot up 0.9% during trading on Friday . The stock traded as high as $32.99 and last traded at $32.99. 462 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,063 shares. The stock had previously closed at $32.70.

SGI Enhanced Market Leaders ETF Price Performance

The stock has a fifty day simple moving average of $32.81 and a 200-day simple moving average of $31.17. The company has a market capitalization of $197.94 million, a price-to-earnings ratio of 20.50 and a beta of 1.10.

SGI Enhanced Market Leaders ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 26th were given a dividend of $0.0752 per share. The ex-dividend date was Friday, September 26th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SGI Enhanced Market Leaders ETF stock. Wealthspire Advisors LLC purchased a new stake in SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,769 shares of the company’s stock, valued at approximately $640,000. Wealthspire Advisors LLC owned 0.35% of SGI Enhanced Market Leaders ETF as of its most recent filing with the SEC.

About SGI Enhanced Market Leaders ETF

The SGI Enhanced Market Leaders ETF is an actively managed exchange-traded fund that seeks capital appreciation and current income. The fund primarily invests in large-capitalization companies listed within the Russell 1000® Index or S&P 500® Index, focusing on those considered “market leaders” based on strengthening business metrics and favorable quantitative factors. Additionally, the fund employs an options strategy, writing deep out-of-the-money put and call options with short durations (typically 1–7 days) to generate additional income.