First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $13.77 and traded as low as $13.25. First Trust SkyBridge Crypto Industry and Digital Economy ETF shares last traded at $13.49, with a volume of 49,364 shares trading hands.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Price Performance

The firm’s 50 day moving average is $14.76 and its 200 day moving average is $13.77. The company has a market cap of $99.83 million, a PE ratio of -147.56 and a beta of 3.18.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sigma Planning Corp bought a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the third quarter worth $314,000. Paladin Wealth LLC raised its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 40.5% in the third quarter. Paladin Wealth LLC now owns 61,931 shares of the company’s stock worth $965,000 after buying an additional 17,867 shares in the last quarter. Gradient Investments LLC bought a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the third quarter valued at $41,734,000. Brown Financial Advisors boosted its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.2% during the second quarter. Brown Financial Advisors now owns 26,174 shares of the company’s stock valued at $297,000 after buying an additional 3,839 shares during the period. Finally, Western Wealth Management LLC bought a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the first quarter valued at $151,000.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Company Profile

The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in companies supporting the crypto industry and the digital economy around the world. CRPT was launched on Sep 20, 2021 and is managed by First Trust.