First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Shares Down 1.6% – Here’s What Happened

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG)’s share price dropped 1.6% during mid-day trading on Monday . The stock traded as low as $16.72 and last traded at $16.59. Approximately 57 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 722 shares. The stock had previously closed at $16.86.

First Trust Nasdaq Lux Digital Health Solutions ETF Trading Down 1.6%

The stock has a market capitalization of $2.49 million, a price-to-earnings ratio of 38.88 and a beta of 1.41. The company’s 50 day moving average is $18.05 and its 200 day moving average is $18.37.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EKG. Sound Income Strategies LLC acquired a new position in First Trust Nasdaq Lux Digital Health Solutions ETF in the fourth quarter valued at $38,000. Jane Street Group LLC raised its position in First Trust Nasdaq Lux Digital Health Solutions ETF by 8.9% in the first quarter. Jane Street Group LLC now owns 28,770 shares of the company’s stock worth $450,000 after acquiring an additional 2,353 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of First Trust Nasdaq Lux Digital Health Solutions ETF in the 2nd quarter valued at about $516,000.

First Trust Nasdaq Lux Digital Health Solutions ETF Company Profile

The First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) is an exchange-traded fund that is based on the NASDAQ Lux Health Tech index. The fund tracks a market cap-weighted index of globally-listed companies engaged in digital health technologies. EKG was launched on Mar 22, 2022 and is managed by First Trust.