Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Trading Down 0.6% – Time to Sell?

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG)’s stock price fell 0.6% during mid-day trading on Friday . The stock traded as low as $22.82 and last traded at $22.89. 85,202 shares changed hands during trading, a decline of 23% from the average session volume of 110,313 shares. The stock had previously closed at $23.02.

Defiance Large Cap ex-Mag 7 ETF Trading Down 0.6%

The firm has a market cap of $121.32 million, a P/E ratio of 22.97 and a beta of 0.90. The business has a 50-day moving average of $22.62 and a two-hundred day moving average of $22.11.

Defiance Large Cap ex-Mag 7 ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.1161 per share. This represents a dividend yield of 51.0%. The ex-dividend date was Tuesday, December 30th.

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. Cornerstone Planning Group LLC purchased a new stake in Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,397 shares of the company’s stock, valued at approximately $164,000. Cornerstone Planning Group LLC owned 0.32% of Defiance Large Cap ex-Mag 7 ETF as of its most recent filing with the Securities and Exchange Commission.

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.