Global X FinTech ETF (NASDAQ:FINX) Trading Up 2.5% – Here’s What Happened

Shares of Global X FinTech ETF (NASDAQ:FINX) rose 2.5% on Monday . The stock traded as high as $25.74 and last traded at $25.66. Approximately 80,182 shares traded hands during trading, a decline of 15% from the average daily volume of 93,810 shares. The stock had previously closed at $25.04.

Global X FinTech ETF Stock Performance

The firm has a 50-day moving average of $25.07 and a 200-day moving average of $25.29. The firm has a market capitalization of $170.38 million, a P/E ratio of 31.36 and a beta of 1.54.

Global X FinTech ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a dividend of $0.0429 per share. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FINX. Moran Wealth Management LLC grew its stake in shares of Global X FinTech ETF by 58.4% in the fourth quarter. Moran Wealth Management LLC now owns 52,415 shares of the company’s stock worth $1,543,000 after purchasing an additional 19,334 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Global X FinTech ETF by 74.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,000 shares of the company’s stock valued at $2,649,000 after purchasing an additional 38,500 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Global X FinTech ETF by 172.7% in the 4th quarter. Sanctuary Advisors LLC now owns 32,267 shares of the company’s stock worth $950,000 after buying an additional 20,435 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Global X FinTech ETF by 14,063.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96,312 shares of the company’s stock worth $2,834,000 after buying an additional 95,632 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in Global X FinTech ETF by 15.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,327 shares of the company’s stock worth $127,000 after buying an additional 566 shares during the period.

About Global X FinTech ETF

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.