Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Shares Break Above 50-Day Moving Average – Here’s Why

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $25.68 and traded as high as $26.05. Defiance Large Cap ex-Mag 7 ETF shares last traded at $26.00, with a volume of 65,409 shares trading hands.

Defiance Large Cap ex-Mag 7 ETF Stock Up 1.6%

The company has a market cap of $208.52 million, a P/E ratio of 22.62 and a beta of 0.80. The business has a fifty day moving average of $25.68 and a 200 day moving average of $24.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Large Cap ex-Mag 7 ETF stock. Steel Grove Capital Advisors LLC bought a new stake in shares of Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,875 shares of the company’s stock, valued at approximately $936,000. Steel Grove Capital Advisors LLC owned approximately 0.48% of Defiance Large Cap ex-Mag 7 ETF at the end of the most recent quarter.

About Defiance Large Cap ex-Mag 7 ETF

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.