Marshall Wace LLP boosted its stake in MicroSectors FANG+ Index ETN (NYSEARCA:FNGS – Free Report) by 115.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,029 shares of the company’s stock after acquiring an additional 11,275 shares during the quarter. Marshall Wace LLP’s holdings in MicroSectors FANG+ Index ETN were worth $1,206,000 at the end of the most recent reporting period.
Separately, Janney Montgomery Scott LLC acquired a new position in shares of MicroSectors FANG+ Index ETN in the 4th quarter valued at approximately $2,938,000.
MicroSectors FANG+ Index ETN Stock Up 0.9 %
Shares of FNGS opened at $53.77 on Wednesday. The business’s 50 day moving average is $51.27 and its two-hundred day moving average is $54.52. MicroSectors FANG+ Index ETN has a 52-week low of $41.62 and a 52-week high of $61.34. The firm has a market cap of $403.28 million, a price-to-earnings ratio of 35.56 and a beta of 1.27.
MicroSectors FANG+ Index ETN Profile
The MicroSectors FANG+ ETN (FNGS) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks an equally-weighted index of US-listed technology and consumer discretionary companies, selected by a committee. FNGS was launched on Nov 15, 2019 and is issued by REX Microsectors.
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