Global X Clean Tech ETF (NASDAQ:CTEC) Stock Price Up 1.6% – Still a Buy?

Global X Clean Tech ETF (NASDAQ:CTEC) was up 1.6% on Wednesday . The company traded as high as $6.95 and last traded at $6.88. Approximately 11,989 shares changed hands during trading, a decline of 59% from the average daily volume of 28,968 shares. The stock had previously closed at $6.77.

Global X Clean Tech ETF Trading Up 1.6 %

The business has a 50 day simple moving average of $6.91 and a two-hundred day simple moving average of $7.34. The stock has a market cap of $31.72 million, a price-to-earnings ratio of 7.95 and a beta of 1.41.

Global X Clean Tech ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a dividend of $0.0804 per share. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its position in shares of Global X Clean Tech ETF by 11.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,735 shares of the company’s stock worth $115,000 after acquiring an additional 1,466 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Global X Clean Tech ETF in the 3rd quarter worth approximately $132,000. LPL Financial LLC grew its position in shares of Global X Clean Tech ETF by 41.2% in the 4th quarter. LPL Financial LLC now owns 32,994 shares of the company’s stock worth $224,000 after acquiring an additional 9,623 shares in the last quarter. CreativeOne Wealth LLC grew its position in shares of Global X Clean Tech ETF by 5.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 56,798 shares of the company’s stock worth $475,000 after acquiring an additional 2,763 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Global X Clean Tech ETF by 55.8% in the 4th quarter. Jane Street Group LLC now owns 80,622 shares of the company’s stock worth $547,000 after acquiring an additional 28,867 shares in the last quarter.

Global X Clean Tech 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.