Procure Space ETF (NASDAQ:UFO) Sets New 12-Month High – Still a Buy?

Procure Space ETF (NASDAQ:UFO)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $65.75 and last traded at $65.42, with a volume of 543751 shares. The stock had previously closed at $61.90.

Procure Space ETF Trading Up 7.5%

The stock’s 50 day moving average price is $51.35 and its 200 day moving average price is $44.41. The company has a market capitalization of $966.60 million, a price-to-earnings ratio of 18.98 and a beta of 1.23.

Hedge Funds Weigh In On Procure Space ETF

A number of large investors have recently modified their holdings of UFO. Global Retirement Partners LLC acquired a new position in shares of Procure Space ETF during the 4th quarter worth about $30,000. Banque Cantonale Vaudoise acquired a new stake in shares of Procure Space ETF in the 1st quarter valued at approximately $42,000. Evolution Wealth Management Inc. acquired a new stake in shares of Procure Space ETF in the 1st quarter valued at approximately $46,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Procure Space ETF in the 1st quarter valued at approximately $52,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Procure Space ETF by 578.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,290 shares of the company’s stock valued at $58,000 after buying an additional 1,100 shares during the last quarter.

Procure Space ETF Company Profile

The Procure Space ETF (UFO) is an exchange-traded fund that is based on the S-Network Space index. The fund tracks a tier-weighted index of aerospace companies located globally. UFO was launched on Apr 11, 2019 and is managed by ProcureAM.