Global X FinTech ETF (NASDAQ:FINX) Stock Price Down 0.3% – Time to Sell?

Shares of Global X FinTech ETF (NASDAQ:FINX) traded down 0.3% during trading on Tuesday . The stock traded as low as $23.80 and last traded at $24.70. 104,057 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 111,101 shares. The stock had previously closed at $24.78.

Global X FinTech ETF Trading Down 0.3%

The company has a market capitalization of $206.25 million, a PE ratio of 31.36 and a beta of 1.59. The firm’s 50-day simple moving average is $27.12 and its 200-day simple moving average is $30.63.

Global X FinTech ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a $0.1706 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 115.0%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FINX. Cetera Investment Advisers lifted its position in shares of Global X FinTech ETF by 15.1% in the 2nd quarter. Cetera Investment Advisers now owns 68,706 shares of the company’s stock worth $2,351,000 after purchasing an additional 9,004 shares during the period. Scotia Capital Inc. increased its holdings in Global X FinTech ETF by 2.3% during the second quarter. Scotia Capital Inc. now owns 151,959 shares of the company’s stock valued at $5,195,000 after buying an additional 3,348 shares during the period. Cascade Financial Partners LLC bought a new position in Global X FinTech ETF in the second quarter worth approximately $240,000. Envestnet Asset Management Inc. raised its stake in Global X FinTech ETF by 11.7% in the second quarter. Envestnet Asset Management Inc. now owns 66,314 shares of the company’s stock worth $2,269,000 after buying an additional 6,943 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Global X FinTech ETF by 63.9% during the third quarter. Sei Investments Co. now owns 10,924 shares of the company’s stock worth $366,000 after buying an additional 4,258 shares during the period.

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.