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

Donoghue Forlines Innovation ETF (BATS:DFNV)’s share price was down 1.6% during trading on Tuesday . The company traded as low as $33.02 and last traded at $33.07. Approximately 24,104 shares were traded during mid-day trading, The stock had previously closed at $33.61.

Donoghue Forlines Innovation ETF Stock Performance

The company has a market capitalization of $48.94 million, a P/E ratio of 36.84 and a beta of 1.22. The firm’s fifty day moving average is $31.94 and its 200 day moving average is $30.97.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Donoghue Forlines Innovation ETF stock. Wellington Wealth Strategies LLC. acquired a new stake in shares of Donoghue Forlines Innovation ETF (BATS:DFNV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,648 shares of the company’s stock, valued at approximately $546,000. Wellington Wealth Strategies LLC. owned approximately 1.33% of Donoghue Forlines Innovation ETF at the end of the most recent reporting period.

About Donoghue Forlines 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.