Hennessy Sustainable ETF (NASDAQ:STNC) Stock Price Up 0.3% – Still a Buy?

Hennessy Sustainable ETF (NASDAQ:STNC)’s stock price was up 0.3% during mid-day trading on Friday . The company traded as high as $37.82 and last traded at $37.76. Approximately 326 shares traded hands during trading, a decline of 85% from the average daily volume of 2,169 shares. The stock had previously closed at $37.66.

Hennessy Sustainable ETF Stock Performance

The stock’s fifty day simple moving average is $37.14 and its two-hundred day simple moving average is $35.94. The company has a market capitalization of $95.16 million, a price-to-earnings ratio of 19.83 and a beta of 0.84.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. bought a new stake in shares of Hennessy Sustainable ETF during the 2nd quarter worth $84,000. Raymond James Financial Inc. purchased a new stake in shares of Hennessy Sustainable ETF during the second quarter valued at $96,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Hennessy Sustainable ETF in the 4th quarter valued at $202,000. Finally, Cetera Investment Advisers increased its stake in Hennessy Sustainable ETF by 67.6% in the 2nd quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock worth $383,000 after purchasing an additional 5,005 shares in the last quarter.

Hennessy Sustainable ETF Company Profile

The Hennessy Stance ESG ETF (STNC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of US firms screened for ESG criteria. The fund utilizes the Blue Tractor non-transparent model. STNC was launched on Mar 16, 2021 and is issued by Hennessy.