Formidable Fortress ETF (NYSEARCA:KONG) Trading Down 0.3%

Formidable Fortress ETF (NYSEARCA:KONG)’s stock price fell 0.3% during mid-day trading on Thursday . The company traded as low as $26.38 and last traded at $26.38. 5,254 shares changed hands during trading, an increase of 109% from the average session volume of 2,509 shares. The stock had previously closed at $26.45.

Formidable Fortress ETF Trading Up 0.5 %

The business’s 50 day moving average price is $27.04 and its two-hundred day moving average price is $26.19. The stock has a market cap of $25.86 million, a P/E ratio of 25.99 and a beta of 0.57.

Institutional Investors Weigh In On Formidable Fortress ETF

An institutional investor recently raised its position in Formidable Fortress ETF stock. Formidable Asset Management LLC increased its holdings in Formidable Fortress ETF (NYSEARCA:KONG) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,013,115 shares of the company’s stock after purchasing an additional 54,299 shares during the period. Formidable Fortress ETF accounts for 5.6% of Formidable Asset Management LLC’s holdings, making the stock its 4th biggest holding. Formidable Asset Management LLC owned 96.49% of Formidable Fortress ETF worth $25,434,000 as of its most recent SEC filing.

Formidable Fortress ETF Company Profile

The Formidable Fortress ETF (KONG) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation by actively selecting a narrow basket of large- and mid-cap stocks from around the world. KONG was launched on Jul 22, 2021 and is managed by Formidable.