Global X CleanTech ETF (NASDAQ:CTEC) Shares Up 6.8% – Time to Buy?

Global X CleanTech ETF (NASDAQ:CTEC)’s stock price shot up 6.8% during mid-day trading on Thursday . The company traded as high as $54.30 and last traded at $54.30. Approximately 1,370 shares traded hands during trading, a decline of 68% from the average daily volume of 4,268 shares. The stock had previously closed at $50.82.

Global X CleanTech ETF Stock Down 1.4%

The company has a market cap of $23.56 million, a price-to-earnings ratio of 15.62 and a beta of 1.52. The stock’s 50-day simple moving average is $63.76 and its 200 day simple moving average is $62.54.

Global X CleanTech 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 issued a $0.0747 dividend. The ex-dividend date was Monday, June 29th.

Institutional Trading of Global X CleanTech ETF

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Global X CleanTech ETF during the second quarter worth $26,000. CIBC Private Wealth Group LLC purchased a new position in Global X CleanTech ETF during the 4th quarter valued at about $26,000. Jane Street Group LLC boosted its holdings in Global X CleanTech ETF by 39.9% during the 4th quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock valued at $464,000 after acquiring an additional 2,488 shares during the period. Finally, Western Wealth Management LLC acquired a new position in Global X CleanTech ETF in the 1st quarter valued at about $83,000.

Global X CleanTech ETF Company Profile

The Global X CleanTech ETF (CTEC) is an exchange-traded fund that is based on the Indxx Global CleanTech index. The fund tracks a market-cap weighted index of global companies involved in the development and production of technologies that reduce negative impact on the environment. CTEC was launched on Oct 27, 2020 and is managed by Global X.