SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Trading 0.3% Higher – Here’s What Happened

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) rose 0.3% on Thursday . The company traded as high as $25.20 and last traded at $25.16. Approximately 32,003 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 97,284 shares. The stock had previously closed at $25.09.

SMI 3Fourteen Full-Cycle Trend ETF Trading Up 0.3%

The company has a market cap of $276.76 million, a price-to-earnings ratio of 28.39 and a beta of 0.78. The business has a fifty day moving average of $25.30 and a two-hundred day moving average of $25.91.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in SMI 3Fourteen Full-Cycle Trend ETF in the 3rd quarter valued at $50,000. Ancora Advisors LLC raised its position in SMI 3Fourteen Full-Cycle Trend ETF by 333.3% during the first quarter. Ancora Advisors LLC now owns 13,000 shares of the company’s stock worth $326,000 after acquiring an additional 10,000 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in SMI 3Fourteen Full-Cycle Trend ETF during the second quarter valued at $644,000.

About SMI 3Fourteen Full-Cycle Trend ETF

The SMI 3Fourteen Full-Cycle Trend ETF (FCTE) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks long-term capital appreciation by actively managing a narrow portfolio of large-cap US stocks. Stock selection is based on a proprietary model that screens for quality metrics and trend factors.