SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) Shares Down 0.2% – What’s Next?

Shares of SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) dropped 0.2% during trading on Wednesday . The company traded as low as $101.92 and last traded at $101.93. Approximately 4,807 shares traded hands during trading, a decline of 33% from the average daily volume of 7,200 shares. The stock had previously closed at $102.15.

SPDR S&P Kensho Clean Power ETF Stock Down 0.2%

The firm has a market cap of $213.03 million, a P/E ratio of 20.46 and a beta of 1.34. The company’s 50 day simple moving average is $97.00 and its 200-day simple moving average is $90.63.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its holdings in SPDR S&P Kensho Clean Power ETF by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,849 shares of the company’s stock valued at $109,000 after buying an additional 176 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of SPDR S&P Kensho Clean Power ETF by 6.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,380 shares of the company’s stock valued at $481,000 after purchasing an additional 343 shares during the period. Cetera Investment Advisers grew its stake in SPDR S&P Kensho Clean Power ETF by 22.3% in the fourth quarter. Cetera Investment Advisers now owns 3,062 shares of the company’s stock worth $274,000 after purchasing an additional 559 shares in the last quarter. Royal Bank of Canada increased its holdings in SPDR S&P Kensho Clean Power ETF by 5.8% during the 4th quarter. Royal Bank of Canada now owns 15,344 shares of the company’s stock worth $1,372,000 after purchasing an additional 837 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in SPDR S&P Kensho Clean Power ETF during the 4th quarter valued at $113,000.

About SPDR S&P Kensho Clean Power ETF

The SPDR Kensho Clean Power ETF (CNRG) is an exchange-traded fund that is based on the S&P Kensho Clean Power index. The fund tracks a tier-weighted index of US equities associated with the clean power sector. CNRG was launched on Oct 22, 2018 and is managed by State Street.