Spear Alpha ETF (NASDAQ:SPRX) Shares Down 0.5% – Here’s Why

Spear Alpha ETF (NASDAQ:SPRX) shares traded down 0.5% during trading on Tuesday . The company traded as low as $38.26 and last traded at $38.33. 111,259 shares traded hands during trading, a decline of 45% from the average session volume of 202,147 shares. The stock had previously closed at $38.52.

Spear Alpha ETF Price Performance

The firm has a market cap of $144.61 million, a P/E ratio of 60.13 and a beta of 1.52. The company’s 50 day moving average is $40.14 and its two-hundred day moving average is $39.30.

Institutional Trading of Spear Alpha ETF

Several institutional investors have recently modified their holdings of the company. Noble Wealth Management PBC bought a new stake in shares of Spear Alpha ETF during the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC acquired a new position in shares of Spear Alpha ETF in the fourth quarter valued at $69,000. FSA Advisors Inc. lifted its position in Spear Alpha ETF by 12.3% in the third quarter. FSA Advisors Inc. now owns 8,921 shares of the company’s stock worth $344,000 after purchasing an additional 978 shares during the period. Claris Financial LLC acquired a new stake in Spear Alpha ETF during the fourth quarter worth $516,000. Finally, Fifth Third Securities Inc. acquired a new stake in Spear Alpha ETF during the fourth quarter worth $949,000.

About Spear Alpha ETF

The Spear Alpha ETF (SPRX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in global thematic companies it believes will benefit from breakthrough innovations in the industrial and technology space. SPRX was launched on Aug 2, 2021 and is managed by Spear.