Exchange Traded Concepts LLC Takes $2.91 Million Position in Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Key Points

• Exchange Traded Concepts LLC acquired 246,764 shares of Full Truck Alliance Co. Ltd., valued at approximately $2,914,000, during the second quarter.
• Several hedge funds, including Vident Advisory LLC and GF Fund Management CO. LTD., have modified their holdings, increasing institutional ownership to 39.02% of the company's stock.
• Full Truck Alliance plans to pay an annual dividend of $0.096 per share on October 27th, representing a 60.0% dividend yield with a payout ratio of 28.57%.

Exchange Traded Concepts LLC purchased a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 246,764 shares of the company's stock, valued at approximately $2,914,000.

Several other large investors have also modified their holdings of the stock. Invesco Ltd. lifted its position in shares of Full Truck Alliance by 3.1% during the first quarter. Invesco Ltd. now owns 30,965,571 shares of the company's stock worth $395,430,000 after purchasing an additional 917,263 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Full Truck Alliance by 1.5% during the first quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company's stock worth $375,104,000 after purchasing an additional 430,834 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in Full Truck Alliance by 23.2% in the first quarter. Krane Funds Advisors LLC now owns 26,207,165 shares of the company's stock worth $334,665,000 after acquiring an additional 4,931,028 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Full Truck Alliance by 9.5% in the first quarter. Goldman Sachs Group Inc. now owns 10,761,409 shares of the company's stock worth $137,423,000 after acquiring an additional 935,344 shares during the last quarter. Finally, Davis Selected Advisers lifted its holdings in Full Truck Alliance by 44.8% in the first quarter. Davis Selected Advisers now owns 7,819,344 shares of the company's stock worth $99,853,000 after acquiring an additional 2,418,953 shares during the last quarter. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Trading Down 2.5%

NYSE YMM traded down $0.34 during trading hours on Tuesday, reaching $13.15. The company's stock had a trading volume of 2,752,547 shares, compared to its average volume of 9,065,664. The business has a 50-day simple moving average of $12.33 and a 200 day simple moving average of $12.05. Full Truck Alliance Co. Ltd. Sponsored ADR has a 52 week low of $8.07 and a 52 week high of $14.02. The stock has a market cap of $13.75 billion, a PE ratio of 23.49 and a beta of 0.21.

Full Truck Alliance Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, October 13th will be issued a $0.096 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a yield of 60.0%. Full Truck Alliance's dividend payout ratio (DPR) is currently 28.57%.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.