SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Trading 2% Higher – Here’s Why

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE)’s stock price shot up 2% during trading on Thursday . The company traded as high as $26.53 and last traded at $26.40. 26,988 shares traded hands during trading, a decline of 56% from the average session volume of 61,849 shares. The stock had previously closed at $25.89.

SMI 3Fourteen Full-Cycle Trend ETF Trading Up 0.5%

The business has a fifty day moving average of $25.12 and a 200-day moving average of $25.73. The company has a market cap of $225.42 million, a PE ratio of 28.39 and a beta of 0.78.

SMI 3Fourteen Full-Cycle Trend ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.0223 dividend. This represents a $0.09 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, December 24th.

Institutional Investors Weigh In On SMI 3Fourteen Full-Cycle Trend ETF

An institutional investor recently bought a new position in SMI 3Fourteen Full-Cycle Trend ETF stock. JPMorgan Chase & Co. bought a new stake in shares of SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,862 shares of the company’s stock, valued at approximately $50,000.

About SMI 3Fourteen Full-Cycle Trend ETF

The SMI 3Fourteen Full-Cycle Trend ETF (FCTE) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks long-term capital appreciation by actively managing a narrow portfolio of large-cap US stocks. Stock selection is based on a proprietary model that screens for quality metrics and trend factors. FCTE was launched on Jul 2, 2024 and is issued by SMI Funds.