Procure Space ETF (NASDAQ:UFO) Trading at $39.44

Procure Space ETF (NASDAQ:UFO)’s stock price dropped 0% during mid-day trading on Tuesday. The stock traded as low as $38.90 and last traded at $39.44. Approximately 295,782 shares traded hands during trading, a decline of 60% from the average daily volume of 738,537 shares. The stock had previously closed at $39.45.

Procure Space ETF Price Performance

The firm has a market cap of $465.94 million, a P/E ratio of 18.98 and a beta of 1.37. The company has a fifty day moving average of $43.22 and a 200-day moving average of $48.53.

Procure Space ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a $0.0041 dividend. This is a drop from Procure Space ETF’s previous quarterly dividend of $0.0582. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Investors Weigh In On Procure Space ETF

Several institutional investors have recently added to or reduced their stakes in UFO. Bank of America Corp DE raised its holdings in Procure Space ETF by 1,590.5% during the 1st quarter. Bank of America Corp DE now owns 65,590 shares of the company’s stock valued at $2,939,000 after acquiring an additional 61,710 shares during the period. WT Wealth Management bought a new position in shares of Procure Space ETF in the first quarter worth $2,732,000. Quadcap Wealth Management LLC bought a new position in shares of Procure Space ETF in the first quarter worth $2,691,000. Nwam LLC boosted its holdings in shares of Procure Space ETF by 127.8% in the first quarter. Nwam LLC now owns 106,895 shares of the company’s stock worth $4,790,000 after acquiring an additional 59,970 shares during the period. Finally, Silverleafe Capital Partners LLC boosted its holdings in shares of Procure Space ETF by 33.7% in the second quarter. Silverleafe Capital Partners LLC now owns 117,172 shares of the company’s stock worth $5,937,000 after acquiring an additional 29,561 shares during the period.

About Procure Space ETF

The Procure Space ETF (UFO) is an exchange-traded fund that is based on the S-Network Space index. The fund tracks a tier-weighted index of aerospace companies located globally. UFO was launched on Apr 11, 2019 and is managed by ProcureAM.