Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Stock Price Down 1.3% – Should You Sell?

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

Defiance Next Gen Connectivity ETF Price Performance

The stock’s 50-day moving average price is $41.54 and its 200 day moving average price is $39.79. The firm has a market capitalization of $605.67 million, a PE ratio of 22.54 and a beta of 1.36.

Institutional Investors Weigh In On Defiance Next Gen Connectivity ETF

Several hedge funds have recently made changes to their positions in FIVG. EverSource Wealth Advisors LLC bought a new stake in shares of Defiance Next Gen Connectivity ETF in the first quarter valued at about $45,000. Lynx Investment Advisory bought a new stake in shares of Defiance Next Gen Connectivity ETF in the 2nd quarter valued at about $30,000. Finally, Advantage Trust Co lifted its position in shares of Defiance Next Gen Connectivity ETF by 1.4% in the 3rd quarter. Advantage Trust Co now owns 60,881 shares of the company’s stock worth $2,641,000 after purchasing an additional 865 shares during the period.

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.