Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $25.68 and traded as high as $26.05. Defiance Large Cap ex-Mag 7 ETF shares last traded at $26.00, with a volume of 65,409 shares trading hands.

Defiance Large Cap ex-Mag 7 ETF Stock Up 1.6%

The firm has a market capitalization of $208.52 million, a PE ratio of 22.62 and a beta of 0.80. The firm’s fifty day simple moving average is $25.68 and its 200-day simple moving average is $24.67.

Institutional Investors Weigh In On Defiance Large Cap ex-Mag 7 ETF

A hedge fund recently bought a new stake in Defiance Large Cap ex-Mag 7 ETF stock. Steel Grove Capital Advisors LLC purchased a new stake in shares of Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,875 shares of the company’s stock, valued at approximately $936,000. Steel Grove Capital Advisors LLC owned approximately 0.48% of Defiance Large Cap ex-Mag 7 ETF as of its most recent SEC filing.

About Defiance Large Cap ex-Mag 7 ETF

The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.