Donoghue Forlines Risk Managed Innovation ETF (BATS:DFNV) Trading Down 1.6%

Donoghue Forlines Risk Managed Innovation ETF (BATS:DFNV)’s stock price fell 1.6% during trading on Friday . The stock traded as low as $25.33 and last traded at $25.35. 1,888 shares were traded during trading, The stock had previously closed at $25.77.

Donoghue Forlines Risk Managed Innovation ETF Price Performance

The firm’s 50 day simple moving average is $25.70 and its 200-day simple moving average is $24.33. The company has a market cap of $37.52 million, a price-to-earnings ratio of 24.81 and a beta of 0.80.

Institutional Trading of Donoghue Forlines Risk Managed Innovation ETF

A hedge fund recently raised its stake in Donoghue Forlines Risk Managed Innovation ETF stock. Bank of New York Mellon Corp raised its position in Donoghue Forlines Risk Managed Innovation ETF (BATS:DFNV) by 36.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,786 shares of the company’s stock after acquiring an additional 2,886 shares during the period. Bank of New York Mellon Corp’s holdings in Donoghue Forlines Risk Managed Innovation ETF were worth $289,000 at the end of the most recent reporting period.

About Donoghue Forlines Risk Managed Innovation ETF

The Donoghue Forlines Risk Managed Innovation ETF (DFNV) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund tracks an index that seeks to provide risk-managed exposure to US all-cap companies with strong free cash flow and R&D investments. DFNV was launched on Dec 8, 2020 and is managed by Donoghue Forlines.