Global X FinTech ETF $FINX Position Reduced by Valley National Advisers Inc.

Valley National Advisers Inc. reduced its stake in shares of Global X FinTech ETF (NASDAQ:FINX) by 31.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,684 shares of the company’s stock after selling 4,809 shares during the period. Valley National Advisers Inc. owned about 0.12% of Global X FinTech ETF worth $365,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Halbert Hargrove Global Advisors LLC bought a new position in shares of Global X FinTech ETF during the first quarter worth about $52,000. Moran Wealth Management LLC bought a new position in Global X FinTech ETF during the 1st quarter worth approximately $266,000. Advisors Management Group Inc. ADV lifted its holdings in Global X FinTech ETF by 11.3% during the 1st quarter. Advisors Management Group Inc. ADV now owns 13,330 shares of the company’s stock worth $367,000 after buying an additional 1,352 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Global X FinTech ETF by 48.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 59,371 shares of the company’s stock worth $1,636,000 after acquiring an additional 19,277 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Global X FinTech ETF by 41.7% in the 1st quarter. Cetera Investment Advisers now owns 59,702 shares of the company’s stock valued at $1,645,000 after acquiring an additional 17,570 shares during the last quarter.

Global X FinTech ETF Price Performance

Shares of FINX opened at $34.76 on Tuesday. The stock has a market capitalization of $311.10 million, a PE ratio of 31.36 and a beta of 1.35. The business’s fifty day moving average price is $33.74 and its 200 day moving average price is $31.70. Global X FinTech ETF has a 12-month low of $23.49 and a 12-month high of $35.55.

Global X FinTech ETF Profile

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.