Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading 1.3% Higher – Here’s Why

Shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG) rose 1.3% on Thursday . The company traded as high as $33.55 and last traded at $33.45. 314 shares were traded during trading, a decline of 95% from the average session volume of 5,775 shares. The stock had previously closed at $33.03.

Global X Renewable Energy Producers ETF Price Performance

The firm has a 50 day moving average of $34.42 and a 200-day moving average of $36.23. The stock has a market capitalization of $1.34 million, a P/E ratio of 15.93 and a beta of 0.84.

Global X Renewable Energy Producers ETF Announces Dividend

The company also recently disclosed a semiannual dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a dividend of $0.2133 per share. This represents a dividend yield of 121.0%. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Global X Renewable Energy Producers ETF during the second quarter worth $69,000. Natural Investments LLC increased its holdings in Global X Renewable Energy Producers ETF by 7.5% in the 2nd quarter. Natural Investments LLC now owns 32,048 shares of the company’s stock valued at $1,141,000 after buying an additional 2,229 shares during the period. Finally, Avior Wealth Management LLC acquired a new position in shares of Global X Renewable Energy Producers ETF in the 2nd quarter valued at $3,358,000.

About Global X Renewable Energy Producers ETF

The Global X Renewable Energy Producers ETF (RNRG) is an exchange-traded fund that is based on the Indxx Renewable Energy Producers index, a market-cap-weighted index of global renewable energy companies including YieldCos. RNRG was launched on May 28, 2015 and is managed by Global X.