Hennessy Sustainable ETF (NASDAQ:STNC) Shares Down 0.8% – Here’s What Happened

Hennessy Sustainable ETF (NASDAQ:STNC)’s share price traded down 0.8% during mid-day trading on Monday . The stock traded as low as $37.01 and last traded at $37.01. 4,185 shares traded hands during trading, an increase of 83% from the average daily volume of 2,290 shares. The stock had previously closed at $37.29.

Hennessy Sustainable ETF Stock Down 0.8%

The company has a market capitalization of $94.01 million, a P/E ratio of 19.83 and a beta of 0.84. The stock has a fifty day simple moving average of $36.65 and a 200-day simple moving average of $35.43.

Institutional Investors Weigh In On Hennessy Sustainable ETF

A number of hedge funds have recently made changes to their positions in STNC. Osaic Holdings Inc. bought a new position in Hennessy Sustainable ETF during the 2nd quarter valued at about $84,000. Raymond James Financial Inc. acquired a new position in Hennessy Sustainable ETF in the second quarter valued at about $96,000. O Shaughnessy Asset Management LLC bought a new stake in Hennessy Sustainable ETF during the fourth quarter worth about $202,000. Finally, Cetera Investment Advisers grew its stake in Hennessy Sustainable ETF by 67.6% during the second quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock worth $383,000 after buying an additional 5,005 shares during the last quarter.

Hennessy Sustainable ETF Company Profile

The Hennessy Stance ESG ETF (STNC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of US firms screened for ESG criteria. The fund utilizes the Blue Tractor non-transparent model. STNC was launched on Mar 16, 2021 and is issued by Hennessy.