Motley Fool 100 Index ETF (BATS:TMFC) Trading Down 5.5% – Here’s What Happened

Shares of Motley Fool 100 Index ETF (BATS:TMFC) traded down 5.5% during trading on Monday . The company traded as low as $59.74 and last traded at $55.75. 117,849 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 106,558 shares. The stock had previously closed at $59.00.

Motley Fool 100 Index ETF Stock Down 5.5 %

The stock has a market cap of $1.16 billion, a P/E ratio of 28.89 and a beta of 1.09. The company’s 50 day moving average price is $59.36 and its two-hundred day moving average price is $58.95.

Institutional Investors Weigh In On Motley Fool 100 Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TMFC. JPMorgan Chase & Co. increased its stake in shares of Motley Fool 100 Index ETF by 11,323.1% during the third quarter. JPMorgan Chase & Co. now owns 2,970 shares of the company’s stock valued at $167,000 after buying an additional 2,944 shares during the period. Lindbrook Capital LLC grew its holdings in Motley Fool 100 Index ETF by 138.8% during the 4th quarter. Lindbrook Capital LLC now owns 893 shares of the company’s stock worth $54,000 after acquiring an additional 519 shares in the last quarter. Dale Q Rice Investment Management Ltd purchased a new position in Motley Fool 100 Index ETF during the 4th quarter valued at about $2,881,000. Strategic Advocates LLC bought a new stake in shares of Motley Fool 100 Index ETF in the 4th quarter valued at about $504,000. Finally, Captrust Financial Advisors lifted its position in shares of Motley Fool 100 Index ETF by 6.0% in the 4th quarter. Captrust Financial Advisors now owns 5,623 shares of the company’s stock worth $338,000 after purchasing an additional 320 shares during the period.

About Motley Fool 100 Index ETF

The Motley Fool 100 Index ETF (TMFC) is an exchange-traded fund that is based on the Motley Fool 100 index. The fund tracks an index of 100 of the largest US companies identified by any of the Motley Fool publications, including the top companies in the Motley Fool IQ Database. TMFC was launched on Jan 29, 2018 and is managed by Motley Fool.