Global X FinTech ETF (NASDAQ:FINX) Stock Price Down 0.3% – Here’s What Happened

Global X FinTech ETF (NASDAQ:FINX)’s stock price traded down 0.3% during trading on Tuesday . The company traded as low as $23.80 and last traded at $24.70. 104,057 shares were traded during mid-day trading, a decline of 6% from the average session volume of 111,101 shares. The stock had previously closed at $24.78.

Global X FinTech ETF Trading Up 0.6%

The business has a fifty day moving average price of $27.02 and a two-hundred day moving average price of $30.59. The firm has a market capitalization of $212.59 million, a PE ratio of 31.36 and a beta of 1.59.

Global X FinTech ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.1706 per share. This represents a dividend yield of 115.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FINX. Ameriprise Financial Inc. grew its position in shares of Global X FinTech ETF by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 98,635 shares of the company’s stock worth $3,376,000 after buying an additional 309 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Global X FinTech ETF by 51.4% in the first quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock worth $32,000 after acquiring an additional 393 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Global X FinTech ETF by 2.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,806 shares of the company’s stock worth $583,000 after acquiring an additional 419 shares in the last quarter. Creative Planning grew its holdings in Global X FinTech ETF by 3.6% during the 3rd quarter. Creative Planning now owns 12,086 shares of the company’s stock worth $405,000 after acquiring an additional 424 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Global X FinTech ETF by 75.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,196 shares of the company’s stock valued at $35,000 after purchasing an additional 516 shares during the last quarter.

Global X FinTech ETF Company Profile

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.