SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Stock Price Down 1.1% – Here’s Why

SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG)’s stock price was down 1.1% on Wednesday . The stock traded as low as $96.99 and last traded at $99.65. Approximately 6,420 shares changed hands during trading, a decline of 16% from the average daily volume of 7,605 shares. The stock had previously closed at $100.77.

SPDR S&P Kensho Clean Power ETF Stock Performance

The company has a market cap of $208.27 million, a PE ratio of 20.46 and a beta of 1.34. The company has a 50 day simple moving average of $95.36 and a two-hundred day simple moving average of $87.21.

Institutional Investors Weigh In On SPDR S&P Kensho Clean Power ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new position in shares of SPDR S&P Kensho Clean Power ETF in the second quarter worth $226,000. Lido Advisors LLC acquired a new stake in SPDR S&P Kensho Clean Power ETF during the third quarter valued at $3,208,000. Bank of America Corp DE grew its stake in SPDR S&P Kensho Clean Power ETF by 19.4% in the third quarter. Bank of America Corp DE now owns 73,702 shares of the company’s stock valued at $6,204,000 after purchasing an additional 11,957 shares in the last quarter. Creative Planning acquired a new position in SPDR S&P Kensho Clean Power ETF in the 3rd quarter worth about $251,000. Finally, Two Sigma Investments LP purchased a new stake in shares of SPDR S&P Kensho Clean Power ETF during the 3rd quarter worth about $665,000.

SPDR S&P Kensho Clean Power ETF Company Profile

The SPDR Kensho Clean Power ETF (CNRG) is an exchange-traded fund that is based on the S&P Kensho Clean Power index. The fund tracks a tier-weighted index of US equities associated with the clean power sector. CNRG was launched on Oct 22, 2018 and is managed by State Street.