Procure Space ETF (NASDAQ:UFO) Sets New 12-Month High – Still a Buy?

Shares of Procure Space ETF (NASDAQ:UFO) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $54.81 and last traded at $54.70, with a volume of 1440967 shares trading hands. The stock had previously closed at $52.20.

Procure Space ETF Stock Performance

The firm has a market capitalization of $545.81 million, a P/E ratio of 18.98 and a beta of 1.21. The firm has a 50-day moving average of $46.48 and a 200-day moving average of $41.60.

Hedge Funds Weigh In On Procure Space ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UFO. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Procure Space ETF in the 3rd quarter valued at approximately $3,128,000. Foundations Investment Advisors LLC bought a new position in Procure Space ETF in the 3rd quarter valued at approximately $3,126,000. Quadrature Capital Ltd bought a new position in Procure Space ETF in the 4th quarter valued at approximately $3,382,000. Client First Investment Management LLC bought a new position in Procure Space ETF in the 3rd quarter valued at approximately $2,632,000. Finally, Rockport Wealth LLC bought a new position in Procure Space ETF in the 4th quarter valued at approximately $2,782,000.

About Procure Space ETF

The Procure Space ETF (UFO) is an exchange-traded fund that is based on the S-Network Space index. The fund tracks a tier-weighted index of aerospace companies located globally. UFO was launched on Apr 11, 2019 and is managed by ProcureAM.