Lazard Equity Megatrends ETF (NASDAQ:THMZ) Trading Up 0.9% – Time to Buy?

Lazard Equity Megatrends ETF (NASDAQ:THMZ) shares were up 0.9% on Thursday . The stock traded as high as $32.35 and last traded at $32.23. Approximately 6,737 shares were traded during mid-day trading, an increase of 869% from the average daily volume of 695 shares. The stock had previously closed at $31.95.

Lazard Equity Megatrends ETF Trading Up 0.9%

The company has a market cap of $40.93 million, a price-to-earnings ratio of 31.61 and a beta of 1.24. The business’s 50 day moving average price is $32.28 and its 200-day moving average price is $31.24.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in THMZ. Lazard Asset Management LLC acquired a new stake in shares of Lazard Equity Megatrends ETF in the second quarter valued at approximately $35,389,000. Raymond James Financial Inc. acquired a new stake in Lazard Equity Megatrends ETF during the third quarter worth approximately $896,000. Finally, Susquehanna International Group LLP increased its stake in Lazard Equity Megatrends ETF by 6.6% during the 3rd quarter. Susquehanna International Group LLP now owns 17,035 shares of the company’s stock worth $540,000 after acquiring an additional 1,055 shares during the period.

About Lazard Equity Megatrends ETF

The Lazard Equity Megatrends ETF (THMZ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investments in global companies of any market capitalization. The funds selection process aims to identify global megatrends and themes that are likely to shape the future.