Hennessy Sustainable ETF (NASDAQ:STNC) Stock Price Down 0.3% – Here’s What Happened

Hennessy Sustainable ETF (NASDAQ:STNC)’s stock price was down 0.3% during mid-day trading on Friday . The stock traded as low as $33.77 and last traded at $33.83. Approximately 1,476 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 2,940 shares. The stock had previously closed at $33.92.

Hennessy Sustainable ETF Stock Down 0.3%

The business has a fifty day moving average of $34.91 and a 200 day moving average of $33.56. The firm has a market cap of $90.33 million, a P/E ratio of 19.83 and a beta of 0.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in Hennessy Sustainable ETF by 67.6% during the second quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock valued at $383,000 after purchasing an additional 5,005 shares during the period. Raymond James Financial Inc. acquired a new stake in Hennessy Sustainable ETF in the second quarter worth $96,000. Osaic Holdings Inc. bought a new position in shares of Hennessy Sustainable ETF during the second quarter worth $84,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Hennessy Sustainable ETF in the 4th quarter valued at $202,000.

About Hennessy Sustainable ETF

The Hennessy Stance ESG ETF (STNC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of US firms screened for ESG criteria. The fund utilizes the Blue Tractor non-transparent model. STNC was launched on Mar 16, 2021 and is issued by Hennessy.