Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Shares Down 0.8%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) fell 0.8% during trading on Friday . The stock traded as low as $10.85 and last traded at $10.89. 11,633 shares traded hands during trading, a decline of 50% from the average session volume of 23,327 shares. The stock had previously closed at $10.98.

Global X Renewable Energy Producers ETF Stock Performance

The firm’s 50 day simple moving average is $11.43 and its 200 day simple moving average is $11.88. The firm has a market capitalization of $56.41 million, a price-to-earnings ratio of 26.14 and a beta of 0.78.

Global X Renewable Energy Producers ETF Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 30th were paid a dividend of $0.079 per share. The ex-dividend date of this dividend was Thursday, June 29th.

Institutional Trading of Global X Renewable Energy Producers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elmwood Wealth Management Inc. grew its holdings in Global X Renewable Energy Producers ETF by 6.2% during the first quarter. Elmwood Wealth Management Inc. now owns 111,187 shares of the company’s stock worth $1,378,000 after acquiring an additional 6,498 shares during the period. Simplicity Solutions LLC acquired a new stake in Global X Renewable Energy Producers ETF during the first quarter worth about $149,000. Smart Portfolios LLC raised its position in shares of Global X Renewable Energy Producers ETF by 48.9% in the first quarter. Smart Portfolios LLC now owns 27,255 shares of the company’s stock worth $338,000 after acquiring an additional 8,947 shares during the period. OLD Mission Capital LLC acquired a new position in shares of Global X Renewable Energy Producers ETF in the fourth quarter worth about $25,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Global X Renewable Energy Producers ETF by 47.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 24,384 shares of the company’s stock worth $320,000 after acquiring an additional 7,806 shares during the period.

Global X Renewable Energy Producers ETF Company Profile

The Global X Renewable Energy Producers ETF (RNRG) is an exchange-traded fund that is based on the Indxx Renewable Energy Producers index, a market-cap-weighted index of global renewable energy companies including YieldCos. RNRG was launched on May 28, 2015 and is managed by Global X.