Global X Conscious Companies ETF (NASDAQ:KRMA) Sees Strong Trading Volume – Still a Buy?

Global X Conscious Companies ETF (NASDAQ:KRMA) shares saw strong trading volume on Thursday . 261,206 shares changed hands during trading, an increase of 1,227% from the previous session’s volume of 19,688 shares.The stock last traded at $40.46 and had previously closed at $40.27.

Global X Conscious Companies ETF Price Performance

The firm has a 50 day simple moving average of $38.72 and a 200-day simple moving average of $37.41. The company has a market cap of $749.36 million, a price-to-earnings ratio of 24.99 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KRMA. Cetera Advisors LLC purchased a new position in shares of Global X Conscious Companies ETF during the first quarter worth $1,278,000. Daiwa Securities Group Inc. boosted its position in shares of Global X Conscious Companies ETF by 3.2% during the second quarter. Daiwa Securities Group Inc. now owns 13,123,226 shares of the company’s stock worth $485,297,000 after buying an additional 401,337 shares during the period. Eagle Strategies LLC purchased a new position in shares of Global X Conscious Companies ETF during the second quarter worth $224,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Global X Conscious Companies ETF by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,418 shares of the company’s stock worth $52,000 after buying an additional 328 shares during the period. Finally, Syntegra Private Wealth Group LLC boosted its holdings in Global X Conscious Companies ETF by 19.0% in the third quarter. Syntegra Private Wealth Group LLC now owns 12,217 shares of the company’s stock valued at $478,000 after purchasing an additional 1,948 shares during the period.

About Global X Conscious Companies ETF

The Global X Conscious Companies ETF (KRMA) is an exchange-traded fund that is based on the Concinnity Conscious Companies GTR index. The fund tracks an equal-weighted index composed of U.S.-listed companies that exhibit environmental, social, and corporate governance (ESG) characteristics. KRMA was launched on Jul 11, 2016 and is managed by Global X.