Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Stock Price Up 0.8%

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG – Get Rating)’s share price rose 0.8% on Monday . The company traded as high as $31.48 and last traded at $31.36. Approximately 40,894 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 63,097 shares. The stock had previously closed at $31.11.

Defiance Next Gen Connectivity ETF Price Performance

The business’s 50-day simple moving average is $31.23 and its two-hundred day simple moving average is $31.43. The stock has a market cap of $674.24 million, a price-to-earnings ratio of 18.22 and a beta of 1.05.

Hedge Funds Weigh In On Defiance Next Gen Connectivity ETF

Several large investors have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new position in shares of Defiance Next Gen Connectivity ETF during the first quarter valued at $393,000. Resolute Wealth Strategies LLC bought a new position in shares of Defiance Next Gen Connectivity ETF during the first quarter valued at $266,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Defiance Next Gen Connectivity ETF by 100.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,520 shares of the company’s stock valued at $179,000 after acquiring an additional 2,760 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of Defiance Next Gen Connectivity ETF during the fourth quarter valued at $28,000. Finally, Oak Family Advisors LLC raised its stake in shares of Defiance Next Gen Connectivity ETF by 3.9% during the fourth quarter. Oak Family Advisors LLC now owns 13,513 shares of the company’s stock valued at $404,000 after acquiring an additional 509 shares during the last quarter.

About Defiance Next Gen Connectivity ETF

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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.