Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Shares Down 1.3% – Here’s What Happened

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) traded down 1.3% during mid-day trading on Monday . The company traded as low as $41.77 and last traded at $41.77. 30,300 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 50,930 shares. The stock had previously closed at $42.32.

Defiance Next Gen Connectivity ETF Stock Down 1.3 %

The company has a market capitalization of $605.67 million, a price-to-earnings ratio of 22.54 and a beta of 1.36. The stock has a 50 day simple moving average of $41.55 and a 200 day simple moving average of $39.52.

Institutional Investors Weigh In On Defiance Next Gen Connectivity ETF

Several large investors have recently added to or reduced their stakes in the stock. Lynx Investment Advisory acquired a new stake in shares of Defiance Next Gen Connectivity ETF in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Defiance Next Gen Connectivity ETF in the first quarter valued at approximately $45,000. Vima LLC bought a new stake in shares of Defiance Next Gen Connectivity ETF during the fourth quarter valued at approximately $104,000. Finally, Beaumont Financial Advisors LLC acquired a new position in shares of Defiance Next Gen Connectivity ETF during the first quarter worth approximately $201,000.

Defiance Next Gen Connectivity ETF Company Profile

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.