Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Trading Up 1.8% – Still a Buy?

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) shares shot up 1.8% during mid-day trading on Thursday . The stock traded as high as $24.02 and last traded at $23.98. 19,449 shares traded hands during trading, a decline of 72% from the average session volume of 69,418 shares. The stock had previously closed at $23.56.

Defiance Large Cap ex-Mag 7 ETF Stock Performance

The company has a market capitalization of $136.21 million, a price-to-earnings ratio of 22.97 and a beta of 0.85. The firm has a fifty day moving average price of $22.93 and a 200-day moving average price of $22.74.

Institutional Trading of Defiance Large Cap ex-Mag 7 ETF

An institutional investor recently bought a new position in Defiance Large Cap ex-Mag 7 ETF stock. Cornerstone Planning Group LLC bought a new position in shares of Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,397 shares of the company’s stock, valued at approximately $164,000. Cornerstone Planning Group LLC owned approximately 0.32% of Defiance Large Cap ex-Mag 7 ETF as of its most recent filing with the SEC.

Defiance Large Cap ex-Mag 7 ETF Company Profile

The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.