Mirae Asset Global Investments Co. Ltd. Sells 50,517 Shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG)

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 13.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 323,067 shares of the company’s stock after selling 50,517 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 7.53% of Global X Renewable Energy Producers ETF worth $3,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RNRG. Citigroup Inc. bought a new stake in Global X Renewable Energy Producers ETF during the 1st quarter valued at about $26,000. UBS Group AG grew its stake in shares of Global X Renewable Energy Producers ETF by 284.0% in the fourth quarter. UBS Group AG now owns 5,503 shares of the company’s stock worth $72,000 after acquiring an additional 4,070 shares during the period. GeoWealth Management LLC grew its stake in shares of Global X Renewable Energy Producers ETF by 34.6% in the first quarter. GeoWealth Management LLC now owns 8,858 shares of the company’s stock worth $110,000 after acquiring an additional 2,278 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Global X Renewable Energy Producers ETF in the second quarter worth approximately $144,000. Finally, Abundance Wealth Counselors bought a new stake in shares of Global X Renewable Energy Producers ETF in the fourth quarter worth approximately $146,000.

Global X Renewable Energy Producers ETF Stock Down 0.8 %

Shares of RNRG stock opened at $9.34 on Wednesday. The company has a 50 day moving average price of $9.79 and a 200-day moving average price of $10.07. Global X Renewable Energy Producers ETF has a 52 week low of $9.12 and a 52 week high of $12.48. The firm has a market capitalization of $37.43 million, a PE ratio of 16.29 and a beta of 0.78.

About Global X Renewable Energy Producers ETF

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.