LPL Financial LLC Has $6.44 Million Position in Global X FinTech ETF (NASDAQ:FINX)

LPL Financial LLC grew its stake in Global X FinTech ETF (NASDAQ:FINX) by 27.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,801 shares of the company’s stock after purchasing an additional 51,048 shares during the period. LPL Financial LLC owned about 2.52% of Global X FinTech ETF worth $6,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Accretive Wealth Partners LLC acquired a new stake in shares of Global X FinTech ETF in the 1st quarter valued at approximately $204,000. Cetera Investment Advisers boosted its stake in shares of Global X FinTech ETF by 41.7% in the 1st quarter. Cetera Investment Advisers now owns 59,702 shares of the company’s stock valued at $1,645,000 after purchasing an additional 17,570 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Global X FinTech ETF by 48.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 59,371 shares of the company’s stock valued at $1,636,000 after purchasing an additional 19,277 shares in the last quarter. Advisors Management Group Inc. ADV boosted its position in Global X FinTech ETF by 11.3% during the 1st quarter. Advisors Management Group Inc. ADV now owns 13,330 shares of the company’s stock worth $367,000 after buying an additional 1,352 shares during the period. Finally, Moran Wealth Management LLC acquired a new stake in Global X FinTech ETF during the 1st quarter worth approximately $266,000.

Global X FinTech ETF Stock Performance

Global X FinTech ETF stock opened at $32.53 on Tuesday. Global X FinTech ETF has a 52-week low of $23.49 and a 52-week high of $35.55. The firm has a 50 day moving average price of $33.53 and a two-hundred day moving average price of $30.92. The firm has a market cap of $294.40 million, a price-to-earnings ratio of 31.36 and a beta of 1.35.

Global X FinTech ETF Profile

The Global X FinTech ETF (FINX) is an exchange-traded fund that is based on the Indxx Global Fintech Thematic index, a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services. FINX was launched on Sep 12, 2016 and is managed by Global X.