First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Stock Price Down 1.4% – Here’s Why

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG)’s share price traded down 1.4% during mid-day trading on Friday . The stock traded as low as $17.80 and last traded at $17.80. 323 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 857 shares. The stock had previously closed at $18.06.

First Trust Nasdaq Lux Digital Health Solutions ETF Stock Performance

The company has a market cap of $2.67 million, a PE ratio of 38.88 and a beta of 1.41. The company has a 50 day simple moving average of $18.83 and a two-hundred day simple moving average of $18.41.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EKG. Sound Income Strategies LLC acquired a new stake in shares of First Trust Nasdaq Lux Digital Health Solutions ETF during the 4th quarter valued at $38,000. Jane Street Group LLC increased its stake in shares of First Trust Nasdaq Lux Digital Health Solutions ETF by 8.9% in the first quarter. Jane Street Group LLC now owns 28,770 shares of the company’s stock worth $450,000 after acquiring an additional 2,353 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of First Trust Nasdaq Lux Digital Health Solutions ETF during the second quarter worth $516,000.

About First Trust Nasdaq Lux Digital Health Solutions ETF

The First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) is an exchange-traded fund that is based on the NASDAQ Lux Health Tech index. The fund tracks a market cap-weighted index of globally-listed companies engaged in digital health technologies. EKG was launched on Mar 22, 2022 and is managed by First Trust.