Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Shares Up 0.8% – Here’s Why

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) shares traded up 0.8% during mid-day trading on Friday . The stock traded as high as $24.78 and last traded at $24.71. 23,366 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 62,232 shares. The stock had previously closed at $24.51.

Defiance Large Cap ex-Mag 7 ETF Price Performance

The firm has a market cap of $140.35 million, a PE ratio of 22.97 and a beta of 0.82. The company has a 50 day simple moving average of $23.28 and a 200-day simple moving average of $22.94.

Institutional Trading of 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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent reporting period.

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.