Global X FinTech ETF (NASDAQ:FINX) Stock Price Up 2.5% – Here’s Why

Global X FinTech ETF (NASDAQ:FINXGet Free Report) shot up 2.5% on Monday . The stock traded as high as $25.74 and last traded at $25.66. 80,182 shares were traded during trading, a decline of 15% from the average daily volume of 93,810 shares. The stock had previously closed at $25.04.

Global X FinTech ETF Price Performance

The company has a market cap of $170.12 million, a PE ratio of 31.36 and a beta of 1.54. The stock has a fifty day moving average price of $25.10 and a 200-day moving average price of $25.26.

Global X FinTech ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were given a dividend of $0.0429 per share. The ex-dividend date was Monday, June 29th.

Institutional Investors Weigh In On Global X FinTech ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sherman Asset Management Inc. acquired a new position in shares of Global X FinTech ETF in the first quarter worth $27,000. NewEdge Advisors LLC increased its holdings in 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 last quarter. Northwestern Mutual Wealth Management Co. raised its position in Global X FinTech ETF by 75.9% during the fourth 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 in the last quarter. Kestra Advisory Services LLC acquired a new stake in Global X FinTech ETF in the fourth quarter valued at approximately $50,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Global X FinTech ETF in the 3rd quarter valued at approximately $73,000.

Global X FinTech ETF Company Profile

(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.

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