Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Reaches New 1-Year High at $42.76

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG)’s share price hit a new 52-week high on Friday . The company traded as high as $42.76 and last traded at $42.75, with a volume of 17018 shares traded. The stock had previously closed at $42.47.

Defiance Next Gen Connectivity ETF Stock Performance

The stock has a fifty day simple moving average of $39.90 and a two-hundred day simple moving average of $38.22. The stock has a market capitalization of $619.88 million, a price-to-earnings ratio of 22.54 and a beta of 1.36.

Hedge Funds Weigh In On Defiance Next Gen Connectivity ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Anchor Investment Management LLC bought a new position in Defiance Next Gen Connectivity ETF in the 4th quarter valued at about $27,000. Planned Solutions Inc. bought a new position in Defiance Next Gen Connectivity ETF in the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC bought a new position in Defiance Next Gen Connectivity ETF in the 1st quarter valued at about $45,000. Oak Family Advisors LLC lifted its position in Defiance Next Gen Connectivity ETF by 15.4% in the 1st quarter. Oak Family Advisors LLC now owns 12,380 shares of the company’s stock valued at $484,000 after acquiring an additional 1,652 shares in the last quarter. Finally, Vima LLC bought a new position in Defiance Next Gen Connectivity ETF in the 4th quarter valued at about $104,000.

Defiance Next Gen Connectivity ETF Company Profile

The Defiance 5G Next Gen Connectivity ETF (FIVG) is an exchange-traded fund that is based on the MVIS Bluestar 5G Communications index. The fund tracks a tier-weighted index of global equities related to 5G networks. FIVG was launched on Mar 4, 2019 and is managed by Defiance.