Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Trading Down 1.3% – Here’s What Happened

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG)’s stock price traded down 1.3% during trading on Tuesday . The stock traded as low as $41.77 and last traded at $41.77. 30,300 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 50,930 shares. The stock had previously closed at $42.32.

Defiance Next Gen Connectivity ETF Stock Performance

The company’s 50-day simple moving average is $41.45 and its 200 day simple moving average is $40.01. The stock has a market cap of $605.67 million, a P/E ratio of 22.54 and a beta of 1.36.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Defiance Next Gen Connectivity ETF stock. Advantage Trust Co grew its stake in shares of Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) by 1.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,881 shares of the company’s stock after acquiring an additional 865 shares during the period. Defiance Next Gen Connectivity ETF comprises 1.8% of Advantage Trust Co’s investment portfolio, making the stock its 13th biggest position. Advantage Trust Co owned approximately 0.42% of Defiance Next Gen Connectivity ETF worth $2,641,000 as of its most recent filing with the Securities & Exchange Commission.

About Defiance Next Gen Connectivity ETF

The Defiance 5G Next Gen Connectivity ETF (FIVG) is an exchange-traded fund that is based on the MVIS Bluestar 5G Communications index. The fund tracks a tier-weighted index of global equities related to 5G networks. FIVG was launched on Mar 4, 2019 and is managed by Defiance.