Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Shares Down 1.1% – Here’s What Happened

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW)’s share price dropped 1.1% on Friday . The stock traded as low as $66.31 and last traded at $72.66. Approximately 152,399 shares were traded during trading, The stock had previously closed at $73.46.

Roundhill GOOGL WeeklyPay ETF Price Performance

The firm has a 50 day simple moving average of $73.02.

Institutional Trading of Roundhill GOOGL WeeklyPay ETF

A hedge fund recently raised its stake in Roundhill GOOGL WeeklyPay ETF stock. Exchange Traded Concepts LLC lifted its stake in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) by 96.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,992 shares of the company’s stock after acquiring an additional 130,967 shares during the period. Exchange Traded Concepts LLC’s holdings in Roundhill GOOGL WeeklyPay ETF were worth $18,911,000 as of its most recent filing with the Securities and Exchange Commission.

Roundhill GOOGL WeeklyPay ETF (BATS: GOOW) is an exchange-traded fund issued by Roundhill Investments that provides investors with targeted exposure to Alphabet Inc (GOOGL), the parent company of Google. The fund is listed on the Cboe BATS exchange under the ticker symbol GOOW and is offered as a single-issuer vehicle designed for investors seeking concentrated exposure to one of the largest U.S. technology companies.

As indicated by its name, the ETF is structured to deliver regular distributions on a weekly schedule, which may appeal to income-oriented investors who want periodic cash flow while maintaining equity exposure to Alphabet.