Procure Space ETF (NASDAQ:UFO) Shares Climb 1.1% – Here’s Why

Procure Space ETF (NASDAQ:UFO)’s share price rose 1.1% during mid-day trading on Wednesday. The stock traded as high as $42.49 and last traded at $42.17. 100,130 shares changed hands during trading, a decline of 86% from the average daily volume of 704,197 shares. The stock had previously closed at $41.73.

Procure Space ETF Price Performance

The business’s 50 day simple moving average is $41.80 and its 200 day simple moving average is $47.08. The company has a market capitalization of $440.27 million, a PE ratio of 13.92 and a beta of 1.43.

Procure Space ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a $0.0041 dividend. This is a negative change from Procure Space ETF’s previous quarterly dividend of $0.0582. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.02 annualized dividend and a dividend yield of 0.0%.

Institutional Trading of Procure Space ETF

Institutional investors have recently made changes to their positions in the company. Insigneo Advisory Services LLC acquired a new position in Procure Space ETF in the third quarter valued at approximately $381,000. Private Advisor Group LLC increased its stake in Procure Space ETF by 14.2% during the third quarter. Private Advisor Group LLC now owns 35,483 shares of the company’s stock worth $1,501,000 after acquiring an additional 4,401 shares during the last quarter. HighTower Advisors LLC increased its stake in Procure Space ETF by 17.8% during the third quarter. HighTower Advisors LLC now owns 33,613 shares of the company’s stock worth $1,422,000 after acquiring an additional 5,071 shares during the last quarter. StoneX Group Inc. acquired a new stake in Procure Space ETF during the third quarter worth $309,000. Finally, Kestra Advisory Services LLC increased its stake in Procure Space ETF by 23.9% during the third quarter. Kestra Advisory Services LLC now owns 7,431 shares of the company’s stock worth $314,000 after acquiring an additional 1,433 shares during the last quarter.

About Procure Space ETF

The Procure Space ETF (UFO) is an exchange-traded fund that is based on the S-Network Space index. The fund tracks a tier-weighted index of aerospace companies located globally. UFO was launched on Apr 11, 2019 and is managed by ProcureAM.