Motley Fool Capital Efficiency 100 Index ETF (NYSEARCA:TMFE) Trading Down 0.3% – Here’s Why

Motley Fool Capital Efficiency 100 Index ETF (NYSEARCA:TMFE)’s stock price dropped 0.3% during trading on Wednesday . The company traded as low as $29.35 and last traded at $29.42. Approximately 9,394 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 18,727 shares. The stock had previously closed at $29.50.

Motley Fool Capital Efficiency 100 Index ETF Stock Down 0.3%

The stock has a fifty day moving average of $29.23 and a 200-day moving average of $28.92. The stock has a market cap of $95.62 million, a PE ratio of 32.21 and a beta of 1.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Motley Fool Capital Efficiency 100 Index ETF stock. NewEdge Advisors LLC bought a new stake in Motley Fool Capital Efficiency 100 Index ETF (NYSEARCA:TMFE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,454 shares of the company’s stock, valued at approximately $42,000.

Motley Fool Capital Efficiency 100 Index ETF Company Profile

The Motley Fool Capital Efficiency 100 Index ETF (TMFE) is an exchange-traded fund that is based on the Motley Fool Capital Efficiency 100 index. The fund seeks to track an index of 100 US stocks selected based on fundamental criteria of company growth, profitability, and stability. Weighting of holdings are determined by a combination of capital efficiency score and market-cap. TMFE was launched on Dec 29, 2021 and is managed by Motley Fool.