ETC 6 Meridian Quality Growth ETF (NYSEARCA:SXQG) Shares Down 1.9% – Should You Sell?

ETC 6 Meridian Quality Growth ETF (NYSEARCA:SXQG)’s share price dropped 1.9% on Friday . The company traded as low as $31.52 and last traded at $31.52. Approximately 5,516 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 3,117 shares. The stock had previously closed at $32.12.

ETC 6 Meridian Quality Growth ETF Stock Down 1.9%

The stock has a market cap of $57.68 million, a price-to-earnings ratio of 28.64 and a beta of 1.06. The business’s 50 day simple moving average is $30.67 and its 200 day simple moving average is $31.36.

ETC 6 Meridian Quality Growth ETF Company Profile

The ETC 6 Meridian Quality Growth ETF (SXQG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US-based companies that exhibit high quality and growth characteristics relative to their peers. SXQG was launched on May 10, 2021 and is managed by Meridian.