Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Stock Price Down 1.3% – Here’s Why

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) traded down 1.3% on Tuesday . The stock traded as low as $41.77 and last traded at $41.77. 30,300 shares changed hands during 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 Price Performance

The company has a 50 day simple moving average of $41.54 and a two-hundred day simple moving average of $39.82. The company has a market capitalization of $605.67 million, a P/E ratio of 22.54 and a beta of 1.36.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FIVG. Lynx Investment Advisory purchased a new stake in shares of Defiance Next Gen Connectivity ETF in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC acquired a new position in shares of Defiance Next Gen Connectivity ETF during the first quarter worth $45,000. Finally, Advantage Trust Co increased its position in shares of Defiance Next Gen Connectivity ETF by 1.4% during the third quarter. Advantage Trust Co now owns 60,881 shares of the company’s stock worth $2,641,000 after purchasing an additional 865 shares in the last quarter.

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.