605,152 Shares in CION Investment Co. (NYSE:CION) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new position in CION Investment Co. (NYSE:CION) during the 4th quarter, Holdings Channel.com reports. The firm purchased 605,152 shares of the company’s stock, valued at approximately $6,899,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CION. Golden State Wealth Management LLC bought a new position in CION Investment in the 4th quarter valued at approximately $96,000. Quantbot Technologies LP bought a new position in CION Investment in the 3rd quarter valued at approximately $104,000. Legacy Investment Solutions LLC bought a new position in CION Investment in the 3rd quarter valued at approximately $124,000. Virtu Financial LLC bought a new position in CION Investment in the 3rd quarter valued at approximately $127,000. Finally, Entropy Technologies LP bought a new position in CION Investment in the 4th quarter valued at approximately $138,000. Hedge funds and other institutional investors own 32.01% of the company’s stock.

CION Investment Trading Down 0.6 %

CION stock opened at $12.05 on Thursday. The stock has a market capitalization of $641.83 million, a PE ratio of 8.19 and a beta of 1.11. CION Investment Co. has a 12-month low of $10.52 and a 12-month high of $12.71. The stock’s 50 day simple moving average is $11.78 and its 200 day simple moving average is $11.75.

CION Investment Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, January 27th. Investors of record on Monday, December 30th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 0.43%. CION Investment’s dividend payout ratio (DPR) is presently 97.96%.

About CION Investment

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.