Global X FinTech ETF (NASDAQ:FINX) Trading Down 2.5% – Time to Sell?

Global X FinTech ETF (NASDAQ:FINX) shares dropped 2.5% during trading on Tuesday . The stock traded as low as $28.36 and last traded at $28.40. Approximately 75,868 shares were traded during trading, a decline of 15% from the average daily volume of 89,606 shares. The stock had previously closed at $29.14.

Global X FinTech ETF Stock Down 2.5%

The firm has a market capitalization of $243.10 million, a price-to-earnings ratio of 31.36 and a beta of 1.59. The company has a fifty day moving average price of $29.97 and a two-hundred day moving average price of $32.50.

Global X FinTech ETF Announces Dividend

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

Institutional Investors Weigh In On Global X FinTech ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp acquired a new stake in shares of Global X FinTech ETF during the fourth quarter worth about $179,000. Archford Capital Strategies LLC raised its stake in Global X FinTech ETF by 3.5% during the 4th quarter. Archford Capital Strategies LLC now owns 17,931 shares of the company’s stock valued at $528,000 after acquiring an additional 612 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Global X FinTech ETF during the 3rd quarter worth approximately $2,030,000. Bank of America Corp DE lifted its position in Global X FinTech ETF by 9.8% during the 3rd quarter. Bank of America Corp DE now owns 392,907 shares of the company’s stock worth $13,170,000 after acquiring an additional 35,231 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Global X FinTech ETF by 43.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 141,472 shares of the company’s stock valued at $4,741,000 after purchasing an additional 42,837 shares during the last quarter.

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.