Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Stock Price Down 0.8%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG)’s share price dropped 0.8% during trading on Friday . The company traded as low as $10.85 and last traded at $10.89. Approximately 11,633 shares changed hands during trading, a decline of 50% from the average daily volume of 23,327 shares. The stock had previously closed at $10.98.

Global X Renewable Energy Producers ETF Stock Performance

The company has a market cap of $56.41 million, a price-to-earnings ratio of 26.14 and a beta of 0.78. The business has a fifty day moving average price of $11.43 and a 200 day moving average price of $11.89.

Global X Renewable Energy Producers ETF Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, July 10th. Stockholders of record on Friday, June 30th were issued a dividend of $0.079 per share. The ex-dividend date was Thursday, June 29th.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

A number of institutional investors have recently modified their holdings of the business. Elmwood Wealth Management Inc. increased its holdings in Global X Renewable Energy Producers ETF by 6.2% in the 1st quarter. Elmwood Wealth Management Inc. now owns 111,187 shares of the company’s stock worth $1,378,000 after purchasing an additional 6,498 shares in the last quarter. Simplicity Solutions LLC acquired a new position in Global X Renewable Energy Producers ETF in the 1st quarter worth about $149,000. Smart Portfolios LLC increased its holdings in Global X Renewable Energy Producers ETF by 48.9% in the 1st quarter. Smart Portfolios LLC now owns 27,255 shares of the company’s stock worth $338,000 after purchasing an additional 8,947 shares in the last quarter. OLD Mission Capital LLC acquired a new position in Global X Renewable Energy Producers ETF in the 4th quarter worth about $25,000. Finally, Envestnet Asset Management Inc. increased its holdings in Global X Renewable Energy Producers ETF by 47.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,384 shares of the company’s stock worth $320,000 after purchasing an additional 7,806 shares in the last quarter.

Global X Renewable Energy Producers ETF Company Profile

The Global X Renewable Energy Producers ETF (RNRG) is an exchange-traded fund that is based on the Indxx Renewable Energy Producers index, a market-cap-weighted index of global renewable energy companies including YieldCos. RNRG was launched on May 28, 2015 and is managed by Global X.