Democratic Large Cap Core ETF (NASDAQ:DEMZ) Share Price Passes Above 50 Day Moving Average – Here’s Why

Democratic Large Cap Core ETF (NASDAQ:DEMZ)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $36.11 and traded as high as $37.37. Democratic Large Cap Core ETF shares last traded at $37.33, with a volume of 3,145 shares trading hands.

Democratic Large Cap Core ETF Trading Up 0.7 %

The company has a 50 day simple moving average of $36.11 and a 200 day simple moving average of $34.94. The stock has a market cap of $40.32 million, a P/E ratio of 32.64 and a beta of 1.04.

Institutional Trading of Democratic Large Cap Core ETF

A hedge fund recently bought a new stake in Democratic Large Cap Core ETF stock. Wedbush Securities Inc. purchased a new stake in shares of Democratic Large Cap Core ETF (NASDAQ:DEMZ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,000 shares of the company’s stock, valued at approximately $206,000. Wedbush Securities Inc. owned about 0.57% of Democratic Large Cap Core ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Democratic Large Cap Core ETF

The Democratic Large Cap Core ETF (DEMZ) is an exchange-traded fund that is based on the Democratic Large Cap Core index. The fund tracks an index of US large-cap companies whose employees are highly supportive of Democratic candidates. DEMZ was launched on Nov 2, 2020 and is managed by RAM.