Global X FinTech ETF (NASDAQ:FINX) Stock Price Down 0.3% – Here’s What Happened

Global X FinTech ETF (NASDAQ:FINXGet Free Report) shares were down 0.3% during mid-day trading on Tuesday . The company traded as low as $23.80 and last traded at $24.70. Approximately 104,057 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 111,101 shares. The stock had previously closed at $24.78.

Global X FinTech ETF Stock Down 0.3%

The firm has a market capitalization of $206.25 million, a PE ratio of 31.36 and a beta of 1.59. The stock’s fifty day simple moving average is $27.12 and its 200 day simple moving average is $30.63.

Global X FinTech ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were paid a $0.1706 dividend. This represents a dividend yield of 115.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Trading of Global X FinTech ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in shares of Global X FinTech ETF by 51.4% in the first quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock worth $32,000 after buying an additional 393 shares during the period. Jane Street Group LLC bought a new stake in Global X FinTech ETF during the 1st quarter worth approximately $259,000. Envestnet Asset Management Inc. raised its stake in Global X FinTech ETF by 11.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 66,314 shares of the company’s stock worth $2,269,000 after acquiring an additional 6,943 shares during the period. Huntington National Bank purchased a new position in Global X FinTech ETF during the second quarter valued at approximately $54,000. Finally, Cascade Financial Partners LLC bought a new position in shares of Global X FinTech ETF in the second quarter worth approximately $240,000.

About Global X FinTech ETF

(Get Free Report)

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.

Further Reading

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