Global X FinTech ETF (NASDAQ:FINX – Get Free Report)’s stock price dropped 1.4% during mid-day trading on Wednesday. The stock traded as low as $24.25 and last traded at $24.26. Approximately 45,312 shares changed hands during mid-day 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 business has a 50-day simple moving average of $26.22 and a two-hundred day simple moving average of $25.33. The stock has a market cap of $158.33 million, a price-to-earnings ratio of 31.36 and a beta of 1.53.
Institutional Trading of Global X FinTech ETF
Several hedge funds and other institutional investors have recently modified their holdings of FINX. Sherman Asset Management Inc. acquired a new position in Global X FinTech ETF in the 1st quarter valued at about $27,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Global X FinTech ETF by 15.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,327 shares of the company’s stock worth $127,000 after acquiring an additional 566 shares during the period. Headlands Technologies LLC bought a new stake in shares of Global X FinTech ETF during the second quarter worth approximately $116,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Global X FinTech ETF in the second quarter valued at approximately $377,000. Finally, Risk Paradigm Group LLC acquired a new position in shares of Global X FinTech ETF in the second quarter valued at approximately $377,000.
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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