Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Trading Down 1.3% – Here’s Why

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG)’s share price was down 1.3% during trading on Tuesday . The stock traded as low as $41.77 and last traded at $41.77. Approximately 30,300 shares changed hands during trading, a decline of 41% from the average daily volume of 50,930 shares. The stock had previously closed at $42.32.

Defiance Next Gen Connectivity ETF Price Performance

The company has a fifty day simple moving average of $41.54 and a two-hundred day simple moving average of $39.82. The company has a market capitalization of $605.67 million, a P/E ratio of 22.54 and a beta of 1.36.

Hedge Funds Weigh In On Defiance Next Gen Connectivity ETF

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC bought a new stake in Defiance Next Gen Connectivity ETF in the 1st quarter valued at $45,000. Advantage Trust Co increased its holdings in Defiance Next Gen Connectivity ETF by 1.4% in the 3rd quarter. Advantage Trust Co now owns 60,881 shares of the company’s stock valued at $2,641,000 after buying an additional 865 shares during the period. Finally, Lynx Investment Advisory bought a new stake in Defiance Next Gen Connectivity ETF in the 2nd quarter valued at $30,000.

Defiance Next Gen Connectivity ETF Company Profile

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.