Global X AgTech & Food Innovation ETF (NASDAQ:KROP) Shares Down 0.5% – Should You Sell?

Global X AgTech & Food Innovation ETF (NASDAQ:KROP)’s stock price fell 0.5% during mid-day trading on Monday . The company traded as low as $34.83 and last traded at $34.83. 574 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 3,041 shares. The stock had previously closed at $35.01.

Global X AgTech & Food Innovation ETF Price Performance

The company has a market cap of $9.06 million, a price-to-earnings ratio of 19.65 and a beta of 0.87. The stock has a 50-day moving average price of $34.92 and a 200 day moving average price of $34.96.

Global X AgTech & Food Innovation ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid a dividend of $0.1352 per share. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC acquired a new position in shares of Global X AgTech & Food Innovation ETF in the fourth quarter valued at approximately $25,000. Osaic Holdings Inc. lifted its position in Global X AgTech & Food Innovation ETF by 49.7% in the 2nd quarter. Osaic Holdings Inc. now owns 3,226 shares of the company’s stock valued at $35,000 after acquiring an additional 1,071 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Global X AgTech & Food Innovation ETF by 112.0% in the 1st quarter. Jane Street Group LLC now owns 22,862 shares of the company’s stock worth $227,000 after purchasing an additional 12,079 shares during the period.

About Global X AgTech & Food Innovation ETF

The Global X AgTech & Food Innovation ETF (KROP) is an exchange-traded fund that is based on the Solactive AgTech & Food Innovation index. The fund passively invests in global companies related to advancing innovation and technologies in the agricultural and food industry space. KROP was launched on Jul 12, 2021 and is managed by Global X.