Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Stock Price Down 1.3% – What’s Next?

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG)’s stock price was down 1.3% during mid-day trading on Monday . The stock traded as low as $41.77 and last traded at $41.77. Approximately 30,300 shares changed hands during trading, a decline of 41% from the average daily volume of 50,930 shares. The stock had previously closed at $42.32.

Defiance Next Gen Connectivity ETF Stock Performance

The firm has a market capitalization of $605.67 million, a P/E ratio of 22.54 and a beta of 1.36. The company has a 50-day moving average of $41.52 and a 200-day moving average of $39.71.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Lynx Investment Advisory bought a new position in shares of Defiance Next Gen Connectivity ETF in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC bought a new position in shares of Defiance Next Gen Connectivity ETF in the 1st quarter worth about $45,000. Beaumont Financial Advisors LLC bought a new position in shares of Defiance Next Gen Connectivity ETF in the 1st quarter worth about $201,000. Finally, Advantage Trust Co raised its position in shares of Defiance Next Gen Connectivity ETF by 1.4% in the 3rd quarter. Advantage Trust Co now owns 60,881 shares of the company’s stock worth $2,641,000 after acquiring an additional 865 shares in the last quarter.

About Defiance Next Gen Connectivity ETF

The Defiance 5G Next Gen Connectivity ETF (FIVG) is an exchange-traded fund that is based on the MVIS Bluestar 5G Communications index. The fund tracks a tier-weighted index of global equities related to 5G networks. FIVG was launched on Mar 4, 2019 and is managed by Defiance.