Global X Conscious Companies ETF (NASDAQ:KRMA) Sees Unusually-High Trading Volume – Here’s Why

Global X Conscious Companies ETF (NASDAQ:KRMA) shares saw strong trading volume on Friday . 17,671 shares changed hands during mid-day trading, an increase of 15% from the previous session’s volume of 15,315 shares.The stock last traded at $39.09 and had previously closed at $38.84.

Global X Conscious Companies ETF Stock Up 0.8%

The stock has a 50 day moving average of $36.54 and a 200 day moving average of $38.68. The company has a market capitalization of $637.82 million, a price-to-earnings ratio of 22.10 and a beta of 1.03.

Hedge Funds Weigh In On Global X Conscious Companies ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. acquired a new position in shares of Global X Conscious Companies ETF in the fourth quarter worth approximately $327,000. Farther Finance Advisors LLC acquired a new position in Global X Conscious Companies ETF in the fourth quarter valued at approximately $44,000. Freedom Investment Management Inc. lifted its stake in Global X Conscious Companies ETF by 1.7% in the fourth quarter. Freedom Investment Management Inc. now owns 26,074 shares of the company’s stock valued at $1,019,000 after buying an additional 427 shares during the period. LPL Financial LLC lifted its stake in Global X Conscious Companies ETF by 7.8% in the fourth quarter. LPL Financial LLC now owns 84,987 shares of the company’s stock valued at $3,322,000 after buying an additional 6,114 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in Global X Conscious Companies ETF by 2.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 31,729 shares of the company’s stock valued at $1,240,000 after buying an additional 632 shares during the period.

Global X Conscious Companies ETF Company Profile

The Global X Conscious Companies ETF (KRMA) is an exchange-traded fund that is based on the Concinnity Conscious Companies GTR index. The fund tracks an equal-weighted index composed of U.S.-listed companies that exhibit environmental, social, and corporate governance (ESG) characteristics. KRMA was launched on Jul 11, 2016 and is managed by Global X.