Global X CleanTech ETF (NASDAQ:CTEC) Trading Down 1.8% – What’s Next?

by · The Markets Daily

Global X CleanTech ETF (NASDAQ:CTEC – Get Free Report) shares were down 1.8% during mid-day trading on Thursday . The stock traded as low as $56.80 and last traded at $56.80. 557 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 4,146 shares. The stock had previously closed at $57.86.

Global X CleanTech ETF Trading Up 0.8%

The stock’s 50 day moving average is $59.63 and its 200-day moving average is $62.26. The company has a market cap of $25.18 million, a P/E ratio of 15.62 and a beta of 1.55.

Global X CleanTech ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a $0.0747 dividend. The ex-dividend date was Monday, June 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CTEC. Raymond James Financial Inc. purchased a new position in Global X CleanTech ETF in the second quarter worth $26,000. Jane Street Group LLC lifted its holdings in shares of Global X CleanTech ETF by 39.9% during the 4th quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock valued at $464,000 after purchasing an additional 2,488 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Global X CleanTech ETF during the 4th quarter valued at $26,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Global X CleanTech ETF in the 1st quarter worth $83,000.

About Global X CleanTech ETF

(Get Free Report)

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.

Further Reading