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

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) fell 1.3% on Tuesday . The stock 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 Price Performance

The business has a 50-day moving average of $41.45 and a 200-day moving average of $40.01. The firm has a market cap of $605.67 million, a price-to-earnings ratio of 22.54 and a beta of 1.36.

Institutional Investors Weigh In On Defiance Next Gen Connectivity ETF

An institutional investor recently raised its position in Defiance Next Gen Connectivity ETF stock. Advantage Trust Co increased its holdings in shares of Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 60,881 shares of the company’s stock after purchasing an additional 865 shares during the period. Defiance Next Gen Connectivity ETF accounts for approximately 1.8% of Advantage Trust Co’s holdings, making the stock its 13th largest position. Advantage Trust Co owned about 0.42% of Defiance Next Gen Connectivity ETF worth $2,641,000 at the end of the most recent quarter.

About Defiance Next Gen Connectivity ETF

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.