Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Shares Up 2.4% – Still a Buy?

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) was up 2.4% during trading on Wednesday . The stock traded as high as $23.13 and last traded at $23.04. Approximately 31,147 shares traded hands during trading, a decline of 61% from the average daily volume of 79,305 shares. The stock had previously closed at $22.50.

Defiance Large Cap ex-Mag 7 ETF Price Performance

The firm has a market capitalization of $132.48 million, a PE ratio of 22.97 and a beta of 0.85. The company’s fifty day simple moving average is $22.80 and its 200 day simple moving average is $22.59.

Institutional Investors 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 stake in shares of Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,397 shares of the company’s stock, valued at approximately $164,000. Cornerstone Planning Group LLC owned about 0.32% of Defiance Large Cap ex-Mag 7 ETF as of its most recent SEC filing.

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.