Procure Space ETF (NASDAQ:UFO) Hits New 12-Month High – Here’s What Happened

Shares of Procure Space ETF (NASDAQ:UFO) hit a new 52-week high during trading on Friday . The company traded as high as $54.81 and last traded at $54.70, with a volume of 1440967 shares trading hands. The stock had previously closed at $52.20.

Procure Space ETF Stock Performance

The company has a market capitalization of $545.91 million, a PE ratio of 18.98 and a beta of 1.21. The stock’s 50 day moving average is $46.27 and its 200 day moving average is $41.42.

Institutional Trading of Procure Space ETF

Several institutional investors and hedge funds have recently bought and sold shares of UFO. Jane Street Group LLC purchased a new stake in Procure Space ETF in the 1st quarter worth approximately $779,000. Raymond James Financial Inc. lifted its stake in Procure Space ETF by 124.4% in the 2nd quarter. Raymond James Financial Inc. now owns 20,659 shares of the company’s stock worth $594,000 after purchasing an additional 11,451 shares in the last quarter. Client First Investment Management LLC purchased a new stake in Procure Space ETF in the 3rd quarter worth approximately $2,632,000. Griffin Asset Management Inc. purchased a new stake in Procure Space ETF in the 3rd quarter worth approximately $281,000. Finally, Miracle Mile Advisors LLC purchased a new stake in Procure Space ETF in the 3rd quarter worth approximately $245,000.

Procure Space ETF Company Profile

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.