Global X CleanTech ETF (NASDAQ:CTEC) Trading Up 0.2% – What’s Next?

Global X CleanTech ETF (NASDAQ:CTEC) rose 0.2% during mid-day trading on Friday . The stock traded as high as $66.91 and last traded at $66.40. Approximately 4,988 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 4,704 shares. The stock had previously closed at $66.25.

Global X CleanTech ETF Price Performance

The firm’s 50 day moving average price is $67.85 and its 200-day moving average price is $61.29. The stock has a market cap of $29.22 million, a P/E ratio of 15.62 and a beta of 1.51.

Institutional Investors Weigh In On Global X CleanTech ETF

A number of large investors have recently added to or reduced their stakes in CTEC. Raymond James Financial Inc. purchased a new stake in Global X CleanTech ETF during the 2nd quarter valued at $26,000. CIBC Private Wealth Group LLC purchased a new stake in Global X CleanTech ETF during the 4th quarter valued at $26,000. Jane Street Group LLC raised its stake in Global X CleanTech ETF by 39.9% during the 4th quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock valued at $464,000 after buying an additional 2,488 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in Global X CleanTech ETF during the 1st quarter valued at $83,000.

Global X CleanTech ETF Company Profile

The Global X CleanTech ETF (CTEC) is an exchange-traded fund that is based on the Indxx Global CleanTech index. The fund tracks a market-cap weighted index of global companies involved in the development and production of technologies that reduce negative impact on the environment. CTEC was launched on Oct 27, 2020 and is managed by Global X.