Global X Morningstar Capital Allocation Leaders ETF (NASDAQ:CPTL) Shares Down 4.8% – Here’s Why

Shares of Global X Morningstar Capital Allocation Leaders ETF (NASDAQ:CPTL) dropped 4.8% during trading on Thursday. The stock traded as low as $47.14 and last traded at $47.0990. Approximately 2,185 shares traded hands during trading, a decline of 35% from the average session volume of 3,385 shares. The stock had previously closed at $49.45.

Global X Morningstar Capital Allocation Leaders ETF Stock Performance

The firm’s 50 day moving average price is $48.83 and its two-hundred day moving average price is $46.34. The company has a market cap of $107.86 million, a P/E ratio of 25.68 and a beta of 1.01.

Institutional Investors Weigh In On Global X Morningstar Capital Allocation Leaders ETF

A number of large investors have recently bought and sold shares of CPTL. Ascentis Independent Advisors bought a new stake in Global X Morningstar Capital Allocation Leaders ETF in the first quarter valued at $70,000. Bank of America Corp DE raised its holdings in shares of Global X Morningstar Capital Allocation Leaders ETF by 1.7% during the first quarter. Bank of America Corp DE now owns 20,576 shares of the company’s stock valued at $855,000 after purchasing an additional 348 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in shares of Global X Morningstar Capital Allocation Leaders ETF by 3.7% during the first quarter. Wealthfront Advisers LLC now owns 28,058 shares of the company’s stock valued at $1,166,000 after purchasing an additional 999 shares during the period.

About Global X Morningstar Capital Allocation Leaders ETF

Global X Conscious Companies ETF is an exchange-traded fund managed by Global X Management Company LLC. The fund seeks to provide diversified exposure to companies that demonstrate a commitment to responsible corporate practices and positive relationships with key stakeholders, including employees, customers, suppliers, communities and shareholders.

The portfolio is designed to follow an index-based investment approach and generally invests in equity securities of companies that meet defined environmental, social and governance-related criteria.