Spear Alpha ETF (NASDAQ:SPRX) Trading Down 0.5% – Time to Sell?

Spear Alpha ETF (NASDAQ:SPRX)’s share price fell 0.5% on Tuesday . The company traded as low as $38.26 and last traded at $38.33. 111,259 shares were traded during mid-day trading, a decline of 45% from the average session volume of 202,147 shares. The stock had previously closed at $38.52.

Spear Alpha ETF Stock Down 0.5%

The stock has a market cap of $147.57 million, a PE ratio of 60.13 and a beta of 1.52. The firm has a 50-day simple moving average of $40.16 and a 200-day simple moving average of $39.32.

Institutional Trading of Spear Alpha ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SPRX. FSA Advisors Inc. lifted its holdings in Spear Alpha ETF by 12.3% during the 3rd quarter. FSA Advisors Inc. now owns 8,921 shares of the company’s stock worth $344,000 after purchasing an additional 978 shares in the last quarter. Claris Financial LLC purchased a new position in Spear Alpha ETF during the 4th quarter valued at about $516,000. EverSource Wealth Advisors LLC bought a new stake in shares of Spear Alpha ETF during the fourth quarter valued at about $69,000. Fifth Third Securities Inc. bought a new stake in shares of Spear Alpha ETF during the fourth quarter valued at about $949,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Spear Alpha ETF in the fourth quarter worth about $38,000.

About Spear Alpha ETF

The Spear Alpha ETF (SPRX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in global thematic companies it believes will benefit from breakthrough innovations in the industrial and technology space. SPRX was launched on Aug 2, 2021 and is managed by Spear.