Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Shares Down 0.4% – Here’s Why

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) shares were down 0.4% during mid-day trading on Thursday . The company traded as low as $23.09 and last traded at $23.2236. Approximately 49,255 shares traded hands during trading, a decline of 46% from the average daily volume of 91,387 shares. The stock had previously closed at $23.32.

Defiance Large Cap ex-Mag 7 ETF Price Performance

The firm has a fifty day moving average of $22.92 and a two-hundred day moving average of $22.34. The stock has a market capitalization of $126.57 million, a P/E ratio of 22.97 and a beta of 0.90.

Defiance Large Cap ex-Mag 7 ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders 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%.

Hedge Funds Weigh In On Defiance Large Cap ex-Mag 7 ETF

A hedge fund recently bought a new stake in Defiance Large Cap ex-Mag 7 ETF stock. Cornerstone Planning Group LLC acquired a new position in Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,397 shares of the company’s stock, valued at approximately $164,000. Cornerstone Planning Group LLC owned approximately 0.32% of Defiance Large Cap ex-Mag 7 ETF as of its most recent SEC filing.

About Defiance Large Cap ex-Mag 7 ETF

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.