Exchange Traded Concepts LLC Invests $2.91 Million 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 acquired a new stake in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 246,764 shares of the company's stock, valued at approximately $2,914,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Atlas Capital Advisors Inc. acquired a new stake in shares of Full Truck Alliance in the first quarter worth $29,000. Brooklyn Investment Group boosted its holdings in shares of Full Truck Alliance by 495.4% during the 1st quarter. Brooklyn Investment Group now owns 2,459 shares of the company's stock worth $31,000 after buying an additional 2,046 shares during the period. US Bancorp DE acquired a new stake in shares of Full Truck Alliance in the first quarter valued at about $40,000. Summit Securities Group LLC grew its holdings in Full Truck Alliance by 1,466.6% in the 1st quarter. Summit Securities Group LLC now owns 5,013 shares of the company's stock valued at $64,000 after buying an additional 4,693 shares during the last quarter. Finally, Wolverine Trading LLC acquired a new position in Full Truck Alliance during the 4th quarter valued at $115,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Performance

Shares of YMM traded down $0.10 during trading hours on Monday, reaching $13.50. 5,613,168 shares of the company traded hands, compared to its average volume of 9,101,098. The stock's fifty day moving average is $12.31 and its 200 day moving average is $12.05. Full Truck Alliance Co. Ltd. Sponsored ADR has a 1-year low of $7.57 and a 1-year high of $14.02. The stock has a market cap of $14.11 billion, a P/E ratio of 24.10 and a beta of 0.21.

Full Truck Alliance Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, October 13th will be issued a dividend of $0.096 per share. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend is Friday, October 10th. Full Truck Alliance's dividend payout ratio (DPR) is presently 33.93%.

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.