Global X FinTech ETF (NASDAQ:FINX) Trading Down 4% – Time to Sell?

Global X FinTech ETF (NASDAQ:FINX)’s share price fell 4% during trading on Tuesday . The stock traded as low as $23.41 and last traded at $23.51. 71,056 shares were traded during mid-day trading, a decline of 40% from the average session volume of 117,685 shares. The stock had previously closed at $24.50.

Global X FinTech ETF Price Performance

The firm has a 50-day moving average of $25.23 and a 200-day moving average of $29.60. The stock has a market cap of $193.47 million, a PE ratio of 31.36 and a beta of 1.59.

Global X FinTech ETF Announces Dividend

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

Institutional Investors Weigh In On Global X FinTech ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in shares of Global X FinTech ETF by 51.4% during the first quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock worth $32,000 after acquiring an additional 393 shares during the last quarter. AlphaCore Capital LLC purchased a new position in Global X FinTech ETF during the second quarter valued at $34,000. Northwestern Mutual Wealth Management Co. increased its holdings in Global X FinTech ETF by 75.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,196 shares of the company’s stock valued at $35,000 after acquiring an additional 516 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Global X FinTech ETF in the 4th quarter valued at $50,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Global X FinTech ETF in the 3rd quarter worth $73,000.

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.