Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Shares Down 0.6% – Should You Sell?

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) shares traded down 0.6% on Friday . The company traded as low as $22.82 and last traded at $22.89. 85,202 shares changed hands during trading, a decline of 23% from the average session volume of 110,313 shares. The stock had previously closed at $23.02.

Defiance Large Cap ex-Mag 7 ETF Trading Down 0.6%

The company has a market capitalization of $117.88 million, a PE ratio of 22.97 and a beta of 0.90. The firm’s 50-day simple moving average is $22.62 and its 200-day simple moving average is $22.10.

Defiance Large Cap ex-Mag 7 ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.1161 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 51.0%.

Institutional Investors Weigh In On Defiance Large Cap ex-Mag 7 ETF

An institutional investor recently bought a new position in Defiance Large Cap ex-Mag 7 ETF stock. Cornerstone Planning Group LLC bought a new position in Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,397 shares of the company’s stock, valued at approximately $164,000. Cornerstone Planning Group LLC owned 0.32% of Defiance Large Cap ex-Mag 7 ETF at the end of the most recent quarter.

Defiance Large Cap ex-Mag 7 ETF Company Profile

The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.