Daiwa Securities Group Inc. Cuts Stock Position in Global X E-Commerce ETF $EBIZ

Daiwa Securities Group Inc. cut its position in Global X E-Commerce ETF (NASDAQ:EBIZ) by 16.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 502,587 shares of the company’s stock after selling 100,000 shares during the quarter. Daiwa Securities Group Inc. owned approximately 19.79% of Global X E-Commerce ETF worth $15,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EBIZ. Twin Peaks Wealth Advisors LLC bought a new position in shares of Global X E-Commerce ETF during the 2nd quarter worth approximately $31,000. Envestnet Asset Management Inc. grew its holdings in Global X E-Commerce ETF by 77.8% in the second quarter. Envestnet Asset Management Inc. now owns 15,428 shares of the company’s stock worth $472,000 after purchasing an additional 6,750 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of Global X E-Commerce ETF during the first quarter worth $634,000.

Global X E-Commerce ETF Trading Up 0.6%

Shares of EBIZ opened at $32.87 on Wednesday. The firm has a market cap of $54.56 million, a PE ratio of 21.86 and a beta of 1.26. Global X E-Commerce ETF has a 12 month low of $23.51 and a 12 month high of $36.00. The stock has a fifty day moving average price of $33.37 and a 200-day moving average price of $32.65.

Global X E-Commerce ETF Profile

The Global X E-commerce ETF (EBIZ) is an exchange-traded fund that is based on the Solactive E-commerce index, a market-cap-weighted index of global e-commerce companies, including online retailers, retail platforms, and supporting businesses. EBIZ was launched on Nov 27, 2018 and is managed by Global X.