Procure Space ETF (NASDAQ:UFO) Sets New 52-Week High – Still a Buy?

Procure Space ETF (NASDAQ:UFO) reached a new 52-week high on Tuesday . The stock traded as high as $58.96 and last traded at $57.59, with a volume of 1977536 shares trading hands. The stock had previously closed at $56.25.

Procure Space ETF Trading Up 3.2%

The stock has a market capitalization of $855.52 million, a PE ratio of 18.98 and a beta of 1.23. The firm has a 50 day moving average of $50.41 and a two-hundred day moving average of $43.90.

Hedge Funds Weigh In On Procure Space ETF

Several hedge funds have recently bought and sold shares of UFO. Stifel Financial Corp increased its position in Procure Space ETF by 31.4% during the fourth quarter. Stifel Financial Corp now owns 137,281 shares of the company’s stock worth $5,306,000 after buying an additional 32,770 shares in the last quarter. Nwam LLC increased its position in Procure Space ETF by 127.8% during the first quarter. Nwam LLC now owns 106,895 shares of the company’s stock worth $4,790,000 after buying an additional 59,970 shares in the last quarter. Rockport Wealth LLC increased its position in Procure Space ETF by 38.9% during the first quarter. Rockport Wealth LLC now owns 99,965 shares of the company’s stock worth $4,479,000 after buying an additional 27,979 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in Procure Space ETF during the third quarter worth $3,126,000. Finally, Quadrature Capital Ltd purchased a new position in Procure Space ETF during the fourth quarter worth $3,382,000.

About Procure Space ETF

The Procure Space ETF (UFO) is an exchange-traded fund that is based on the S-Network Space index. The fund tracks a tier-weighted index of aerospace companies located globally. UFO was launched on Apr 11, 2019 and is managed by ProcureAM.