Global X FinTech ETF (NASDAQ:FINX) Trading Up 2.5% – Still a Buy?

Shares of Global X FinTech ETF (NASDAQ:FINX) shot up 2.5% on Monday . The stock traded as high as $25.74 and last traded at $25.66. 80,182 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 93,810 shares. The stock had previously closed at $25.04.

Global X FinTech ETF Price Performance

The company has a market capitalization of $170.38 million, a PE ratio of 31.36 and a beta of 1.54. The firm has a 50-day moving average of $25.07 and a 200 day moving average of $25.29.

Global X FinTech ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a dividend of $0.0429 per share. The ex-dividend date was Monday, June 29th.

Institutional Trading of Global X FinTech ETF

A number of large investors have recently made changes to their positions in FINX. Wealthfront Advisers LLC raised its holdings in shares of Global X FinTech ETF by 11.0% during the first quarter. Wealthfront Advisers LLC now owns 17,712 shares of the company’s stock valued at $409,000 after purchasing an additional 1,754 shares during the last quarter. Sherman Asset Management Inc. purchased a new stake in Global X FinTech ETF in the first quarter worth approximately $27,000. Moran Wealth Management LLC grew its position in Global X FinTech ETF by 71.2% in the 1st quarter. Moran Wealth Management LLC now owns 89,744 shares of the company’s stock worth $2,073,000 after purchasing an additional 37,329 shares during the period. Rockefeller Capital Management L.P. grew its position in Global X FinTech ETF by 15.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,327 shares of the company’s stock worth $127,000 after purchasing an additional 566 shares during the period. Finally, NewEdge Advisors LLC raised its stake in Global X FinTech ETF by 47.0% during the 4th quarter. NewEdge Advisors LLC now owns 2,381 shares of the company’s stock valued at $70,000 after buying an additional 761 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.