First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Trading 0.3% Higher – Should You Buy?

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) traded up 0.3% during mid-day trading on Thursday . The company traded as high as $19.67 and last traded at $19.5790. 1,213 shares changed hands during trading, a decline of 20% from the average session volume of 1,511 shares. The stock had previously closed at $19.52.

First Trust Nasdaq Lux Digital Health Solutions ETF Price Performance

The firm has a fifty day moving average of $19.31 and a 200 day moving average of $18.19. The stock has a market capitalization of $2.93 million, a price-to-earnings ratio of 38.88 and a beta of 1.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc purchased a new stake in shares of First Trust Nasdaq Lux Digital Health Solutions ETF in the second quarter valued at approximately $129,000. Cetera Investment Advisers acquired a new stake in First Trust Nasdaq Lux Digital Health Solutions ETF in the 2nd quarter valued at $516,000. Finally, Jane Street Group LLC raised its position in First Trust Nasdaq Lux Digital Health Solutions ETF by 8.9% during the first quarter. Jane Street Group LLC now owns 28,770 shares of the company’s stock worth $450,000 after acquiring an additional 2,353 shares during the period.

First Trust Nasdaq Lux Digital Health Solutions ETF Company Profile

The First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) is an exchange-traded fund that is based on the NASDAQ Lux Health Tech index. The fund tracks a market cap-weighted index of globally-listed companies engaged in digital health technologies. EKG was launched on Mar 22, 2022 and is managed by First Trust.