Stance Sustainable Beta ETF (NASDAQ:CHGX) Trading Down 0.8% – Here’s Why

Stance Sustainable Beta ETF (NASDAQ:CHGX) fell 0.8% on Monday . The company traded as low as $32.79 and last traded at $32.79. 8,795 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 13,396 shares. The stock had previously closed at $33.05.

Stance Sustainable Beta ETF Stock Down 0.9%

The firm has a market capitalization of $169.49 million, a PE ratio of 24.93 and a beta of 1.07. The firm’s 50 day moving average price is $32.39 and its two-hundred day moving average price is $29.54.

Hedge Funds Weigh In On Stance Sustainable Beta ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning acquired a new position in shares of Stance Sustainable Beta ETF in the second quarter worth about $210,000. Cetera Investment Advisers increased its holdings in Stance Sustainable Beta ETF by 47.1% during the 2nd quarter. Cetera Investment Advisers now owns 17,975 shares of the company’s stock worth $469,000 after purchasing an additional 5,757 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Stance Sustainable Beta ETF during the 2nd quarter worth approximately $91,000. Stance Capital LLC acquired a new position in shares of Stance Sustainable Beta ETF in the 3rd quarter valued at approximately $1,364,000. Finally, Evolution Advisers Inc. acquired a new position in shares of Stance Sustainable Beta ETF in the 4th quarter valued at approximately $41,000.

About Stance Sustainable Beta ETF

The AXS Change Finance ESG ETF (CHGX) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of 100 US large-cap stocks that meet diverse environmental, social, and governance standards.