Global X FinTech ETF (NASDAQ:FINX) Stock Price Up 0.1% – Should You Buy?

Shares of Global X FinTech ETF (NASDAQ:FINX) rose 0.1% on Tuesday . The company traded as high as $25.58 and last traded at $25.06. Approximately 52,145 shares were traded during trading, a decline of 56% from the average daily volume of 117,256 shares. The stock had previously closed at $25.04.

Global X FinTech ETF Stock Up 0.1%

The firm has a market capitalization of $209.25 million, a P/E ratio of 31.36 and a beta of 1.59. The company has a fifty day simple moving average of $29.06 and a 200 day simple moving average of $31.66.

Global X FinTech ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Global X FinTech ETF during the second quarter valued at approximately $29,000. NewEdge Advisors LLC lifted its position in Global X FinTech ETF by 51.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,157 shares of the company’s stock valued at $32,000 after acquiring an additional 393 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in Global X FinTech ETF during the 2nd quarter valued at $34,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Global X FinTech ETF by 75.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,196 shares of the company’s stock worth $35,000 after purchasing an additional 516 shares in the last quarter. Finally, Huntington National Bank bought a new stake in shares of Global X FinTech ETF in the 2nd quarter worth $54,000.

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.