Global X CleanTech ETF (NASDAQ:CTEC) Stock Price Down 1.7% – Here’s What Happened

Global X CleanTech ETF (NASDAQ:CTEC) shares traded down 1.7% on Wednesday . The stock traded as low as $57.53 and last traded at $58.81. 2,088 shares were traded during mid-day trading, a decline of 54% from the average session volume of 4,529 shares. The stock had previously closed at $59.82.

Global X CleanTech ETF Stock Down 1.7%

The stock has a market cap of $25.88 million, a P/E ratio of 15.62 and a beta of 1.52. The business has a 50-day simple moving average of $68.66 and a 200-day simple moving average of $62.51.

Global X CleanTech ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a $0.0747 dividend. The ex-dividend date was Monday, June 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Global X CleanTech ETF in the 2nd quarter valued at approximately $26,000. Jane Street Group LLC lifted its holdings in shares of Global X CleanTech ETF by 39.9% during the fourth quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock worth $464,000 after buying an additional 2,488 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Global X CleanTech ETF during the first quarter worth approximately $83,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Global X CleanTech ETF in the fourth quarter valued at approximately $26,000.

About Global X CleanTech ETF

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.