Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Sees Unusually-High Trading Volume

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) shares saw unusually-high trading volume on Monday . Approximately 281,587 shares changed hands during trading, an increase of 456% from the previous session’s volume of 50,657 shares.The stock last traded at $41.66 and had previously closed at $41.80.

Defiance Next Gen Connectivity ETF Stock Up 0.2 %

The firm’s 50 day simple moving average is $39.44 and its 200-day simple moving average is $38.06. The company has a market capitalization of $607.41 million, a PE ratio of 22.54 and a beta of 1.36.

Institutional Investors Weigh In On Defiance Next Gen Connectivity ETF

Several institutional investors and hedge funds have recently modified their holdings of FIVG. Advantage Trust Co purchased a new stake in shares of Defiance Next Gen Connectivity ETF during the 4th quarter valued at about $2,203,000. Oak Family Advisors LLC raised its stake in shares of Defiance Next Gen Connectivity ETF by 15.4% during the first quarter. Oak Family Advisors LLC now owns 12,380 shares of the company’s stock valued at $484,000 after purchasing an additional 1,652 shares during the period. Strategic Blueprint LLC purchased a new position in shares of Defiance Next Gen Connectivity ETF in the first quarter valued at $210,000. Beaumont Financial Advisors LLC purchased a new position in shares of Defiance Next Gen Connectivity ETF in the first quarter valued at $201,000. Finally, Vima LLC acquired a new stake in Defiance Next Gen Connectivity ETF during the 4th quarter valued at $104,000.

About Defiance Next Gen Connectivity ETF

The Defiance 5G Next Gen Connectivity ETF (FIVG) is an exchange-traded fund that is based on the MVIS Bluestar 5G Communications index. The fund tracks a tier-weighted index of global equities related to 5G networks. FIVG was launched on Mar 4, 2019 and is managed by Defiance.