Global X Video Games & Esports ETF (NASDAQ:HERO) Trading Down 2.1% – Time to Sell?

Global X Video Games & Esports ETF (NASDAQ:HERO) fell 2.1% during trading on Tuesday . The company traded as low as $30.13 and last traded at $30.14. 49,215 shares were traded during trading, an increase of 12% from the average session volume of 43,901 shares. The stock had previously closed at $30.79.

Global X Video Games & Esports ETF Trading Down 2.1%

The company has a market capitalization of $97.65 million, a PE ratio of 22.89 and a beta of 0.92. The stock’s fifty day moving average is $30.56 and its two-hundred day moving average is $31.96.

Global X Video Games & Esports ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a $0.3329 dividend. This represents a yield of 223.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Investors Weigh In On Global X Video Games & Esports ETF

A number of hedge funds have recently modified their holdings of HERO. Archford Capital Strategies LLC lifted its stake in Global X Video Games & Esports ETF by 3.2% in the fourth quarter. Archford Capital Strategies LLC now owns 21,812 shares of the company’s stock valued at $649,000 after purchasing an additional 677 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Global X Video Games & Esports ETF by 13.1% in the third quarter. PNC Financial Services Group Inc. now owns 7,115 shares of the company’s stock valued at $241,000 after buying an additional 823 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Global X Video Games & Esports ETF during the 3rd quarter valued at $55,000. Wealthfront Advisers LLC grew its stake in shares of Global X Video Games & Esports ETF by 22.3% during the 2nd quarter. Wealthfront Advisers LLC now owns 10,329 shares of the company’s stock worth $338,000 after acquiring an additional 1,885 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Global X Video Games & Esports ETF by 81.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,686 shares of the company’s stock worth $157,000 after acquiring an additional 2,108 shares during the last quarter. Institutional investors own 82.58% of the company’s stock.

Global X Video Games & Esports ETF Company Profile

The Global X Video Games & Esports ETF (HERO) is an exchange-traded fund that is based on the Solactive Video Games & Esports index, a modified market-cap-weighted global index of companies in video games and esports industry. HERO was launched on Oct 25, 2019 and is managed by Global X.