Daiwa Securities Group Inc. lowered its stake in Global X E-Commerce ETF (NASDAQ:EBIZ – Free Report) by 38.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 32,587 shares of the company’s stock after selling 20,000 shares during the period. Daiwa Securities Group Inc.’s holdings in Global X E-Commerce ETF were worth $1,059,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Founders Financial Alliance LLC acquired a new stake in shares of Global X E-Commerce ETF in the third quarter valued at about $78,000. Sei Investments Co. acquired a new stake in shares of Global X E-Commerce ETF in the second quarter valued at about $213,000. Northbridge Financial Group LLC acquired a new stake in shares of Global X E-Commerce ETF in the fourth quarter valued at about $251,000. Golden State Equity Partners acquired a new stake in shares of Global X E-Commerce ETF in the fourth quarter valued at about $284,000. Finally, Bank of America Corp DE increased its position in shares of Global X E-Commerce ETF by 2.7% in the second quarter. Bank of America Corp DE now owns 12,076 shares of the company’s stock valued at $370,000 after acquiring an additional 323 shares during the last quarter.
Global X E-Commerce ETF Stock Performance
NASDAQ:EBIZ opened at $27.00 on Thursday. The stock’s 50-day simple moving average is $27.84 and its 200 day simple moving average is $29.80. The company has a market cap of $27.81 million, a P/E ratio of 21.86 and a beta of 1.22. Global X E-Commerce ETF has a 52-week low of $25.85 and a 52-week high of $36.00.
Global X E-Commerce ETF Profile
The Global X E-commerce ETF (EBIZ) is an exchange-traded fund that is based on the Solactive E-commerce index, a market-cap-weighted index of global e-commerce companies, including online retailers, retail platforms, and supporting businesses. EBIZ was launched on Nov 27, 2018 and is managed by Global X.
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