Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Stock Price Down 0.4% – Should You Sell?

Shares of Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) dropped 0.4% during mid-day trading on Thursday . The stock traded as low as $23.09 and last traded at $23.2236. Approximately 49,255 shares changed hands during trading, a decline of 46% from the average daily volume of 91,387 shares. The stock had previously closed at $23.32.

Defiance Large Cap ex-Mag 7 ETF Stock Up 0.5%

The company has a 50 day moving average of $22.93 and a 200 day moving average of $22.35. The stock has a market capitalization of $127.15 million, a price-to-earnings ratio of 22.97 and a beta of 0.90.

Defiance Large Cap ex-Mag 7 ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.1161 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 51.0%.

Institutional Investors Weigh In On Defiance Large Cap ex-Mag 7 ETF

An institutional investor recently bought a new position in Defiance Large Cap ex-Mag 7 ETF stock. Cornerstone Planning Group LLC purchased a new stake in Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,397 shares of the company’s stock, valued at approximately $164,000. Cornerstone Planning Group LLC owned about 0.32% of Defiance Large Cap ex-Mag 7 ETF as of its most recent SEC filing.

Defiance Large Cap ex-Mag 7 ETF Company Profile

The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.