Perennial Investment Advisors LLC Lowers Holdings in LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD)

Perennial Investment Advisors LLC trimmed its holdings in LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) by 17.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 108,444 shares of the company’s stock after selling 22,372 shares during the quarter. Perennial Investment Advisors LLC owned 3.34% of LeaderShares Dynamic Yield ETF worth $2,434,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. purchased a new stake in LeaderShares Dynamic Yield ETF in the first quarter valued at $498,000. Great Valley Advisor Group Inc. purchased a new stake in LeaderShares Dynamic Yield ETF in the second quarter valued at $594,000. Finally, Private Advisor Group LLC boosted its holdings in LeaderShares Dynamic Yield ETF by 1.8% in the first quarter. Private Advisor Group LLC now owns 123,706 shares of the company’s stock valued at $2,790,000 after purchasing an additional 2,185 shares during the last quarter.

LeaderShares Dynamic Yield ETF Price Performance

NYSEARCA:DYLD opened at $23.04 on Tuesday. The firm’s fifty day moving average is $22.76 and its two-hundred day moving average is $22.58. LeaderShares Dynamic Yield ETF has a one year low of $21.51 and a one year high of $23.15.

About LeaderShares Dynamic Yield ETF

The LeaderShares Dynamic Yield ETF (DYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified, global fixed income securities that seeks to capture higher yields through a proprietary risk-reward scheme. DYLD was launched on Jun 28, 2021 and is managed by LeaderShares.