Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading Up 1.7%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) shares traded up 1.7% during trading on Thursday . The company traded as high as $10.35 and last traded at $10.34. 15,810 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 13,041 shares. The stock had previously closed at $10.17.

Global X Renewable Energy Producers ETF Trading Up 1.7 %

The company has a market capitalization of $41.05 million, a price-to-earnings ratio of 16.05 and a beta of 0.78. The company has a 50 day moving average price of $9.74 and a 200 day moving average price of $10.09.

Institutional Trading of Global X Renewable Energy Producers ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RNRG. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Global X Renewable Energy Producers ETF by 6.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 373,584 shares of the company’s stock worth $3,736,000 after buying an additional 21,044 shares during the period. Tempus Wealth Planning LLC bought a new position in Global X Renewable Energy Producers ETF in the third quarter valued at approximately $339,000. Pathstone Family Office LLC acquired a new stake in Global X Renewable Energy Producers ETF during the 3rd quarter worth $984,000. Abundance Wealth Counselors bought a new stake in shares of Global X Renewable Energy Producers ETF during the 4th quarter valued at $146,000. Finally, LFA Lugano Financial Advisors SA lifted its stake in shares of Global X Renewable Energy Producers ETF by 24.7% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 63,880 shares of the company’s stock valued at $721,000 after purchasing an additional 12,639 shares during the period.

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.