ERShares Private-Public Crossover ETF (NASDAQ:XOVR) Sees Strong Trading Volume – Here’s Why

ERShares Private-Public Crossover ETF (NASDAQ:XOVR) shares saw an uptick in trading volume on Thursday . 1,131,856 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 1,384,652 shares.The stock last traded at $19.28 and had previously closed at $19.40.

ERShares Private-Public Crossover ETF Price Performance

The firm’s 50-day moving average price is $17.90 and its 200-day moving average price is $18.83. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 36.57 and a beta of 1.26.

Institutional Investors Weigh In On ERShares Private-Public Crossover ETF

Several large investors have recently made changes to their positions in XOVR. NewEdge Advisors LLC increased its position in shares of ERShares Private-Public Crossover ETF by 66.9% in the first quarter. NewEdge Advisors LLC now owns 26,200 shares of the company’s stock worth $418,000 after acquiring an additional 10,500 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of ERShares Private-Public Crossover ETF by 13.0% in the second quarter. Raymond James Financial Inc. now owns 175,764 shares of the company’s stock worth $3,355,000 after acquiring an additional 20,235 shares in the last quarter. CWM LLC increased its position in shares of ERShares Private-Public Crossover ETF by 58.0% in the third quarter. CWM LLC now owns 2,146 shares of the company’s stock worth $45,000 after acquiring an additional 788 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of ERShares Private-Public Crossover ETF by 4.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,490 shares of the company’s stock worth $538,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of ERShares Private-Public Crossover ETF by 7.4% in the third quarter. Truist Financial Corp now owns 43,899 shares of the company’s stock worth $927,000 after acquiring an additional 3,014 shares in the last quarter.

ERShares Private-Public Crossover ETF Company Profile

The ERShares Private-Public Crossover ETF (XOVR) is an exchange-traded fund that is based on the Entrepreneur 30 index. The fund provides exposure to a narrow index of US large-cap growth stocks. The top 30 most entrepreneurial stocks, either public or private, are selected based on a proprietary measurement XOVR was launched on Nov 7, 2017 and is issued by ERShares.