Global X FinTech ETF (NASDAQ:FINX – Get Free Report) shares dropped 1.4% on Wednesday. The stock traded as low as $24.25 and last traded at $24.26. 45,312 shares traded hands during trading, a decline of 46% from the average daily volume of 83,649 shares. The stock had previously closed at $24.61.
Global X FinTech ETF Price Performance
The stock’s fifty day simple moving average is $26.24 and its 200-day simple moving average is $25.33. The stock has a market cap of $155.51 million, a P/E ratio of 31.36 and a beta of 1.53.
Institutional Trading of Global X FinTech ETF
Hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its position in Global X FinTech ETF by 15.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,327 shares of the company’s stock valued at $127,000 after purchasing an additional 566 shares during the period. Sherman Asset Management Inc. acquired a new stake in Global X FinTech ETF in the first quarter worth $27,000. Archford Capital Strategies LLC increased its position in Global X FinTech ETF by 6.5% in the second quarter. Archford Capital Strategies LLC now owns 23,937 shares of the company’s stock worth $591,000 after buying an additional 1,464 shares during the period. Wealthfront Advisers LLC lifted its stake in Global X FinTech ETF by 11.0% in the first quarter. Wealthfront Advisers LLC now owns 17,712 shares of the company’s stock valued at $409,000 after buying an additional 1,754 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Global X FinTech ETF in the second quarter valued at $116,000.
About Global X FinTech ETF
The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.
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