Motley Fool Capital Efficiency 100 Index ETF (NYSEARCA:TMFE) Stock Price Down 0.7% – Here’s What Happened

Motley Fool Capital Efficiency 100 Index ETF (NYSEARCA:TMFE)’s share price dropped 0.7% on Thursday . The company traded as low as $28.32 and last traded at $28.38. Approximately 14,744 shares changed hands during trading, a decline of 29% from the average daily volume of 20,647 shares. The stock had previously closed at $28.58.

Motley Fool Capital Efficiency 100 Index ETF Trading Down 0.7%

The business’s fifty day moving average is $29.13 and its 200 day moving average is $29.01. The company has a market cap of $92.24 million, a P/E ratio of 32.21 and a beta of 1.10.

Institutional Investors Weigh In On Motley Fool Capital Efficiency 100 Index ETF

A hedge fund recently raised its stake in Motley Fool Capital Efficiency 100 Index ETF stock. NewEdge Advisors LLC raised its holdings in shares of Motley Fool Capital Efficiency 100 Index ETF (NYSEARCA:TMFE) by 82.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,654 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. NewEdge Advisors LLC owned approximately 0.08% of Motley Fool Capital Efficiency 100 Index ETF worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

About Motley Fool Capital Efficiency 100 Index ETF

The Motley Fool Capital Efficiency 100 Index ETF (TMFE) is an exchange-traded fund that is based on the Motley Fool Capital Efficiency 100 index. The fund seeks to track an index of 100 US stocks selected based on fundamental criteria of company growth, profitability, and stability. Weighting of holdings are determined by a combination of capital efficiency score and market-cap. TMFE was launched on Dec 29, 2021 and is managed by Motley Fool.