Global X CleanTech ETF (NASDAQ:CTEC) Trading Down 1.7% – What’s Next?

Global X CleanTech ETF (NASDAQ:CTEC)’s share price was down 1.7% on Wednesday . The stock traded as low as $57.53 and last traded at $58.81. 2,088 shares changed hands during trading, a decline of 54% from the average daily volume of 4,529 shares. The stock had previously closed at $59.82.

Global X CleanTech ETF Trading Down 1.3%

The firm has a 50 day moving average price of $68.56 and a 200 day moving average price of $62.55. The stock has a market capitalization of $25.98 million, a PE ratio of 15.62 and a beta of 1.52.

Global X CleanTech ETF Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CTEC. CIBC Private Wealth Group LLC bought a new stake in Global X CleanTech ETF during the 4th quarter worth approximately $26,000. Western Wealth Management LLC purchased a new position in Global X CleanTech ETF during the first quarter valued at approximately $83,000. Jane Street Group LLC boosted its position in shares of Global X CleanTech ETF by 39.9% in the fourth quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock worth $464,000 after purchasing an additional 2,488 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Global X CleanTech ETF in the second quarter worth approximately $26,000.

Global X CleanTech 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.