Procure Space ETF (NASDAQ:UFO) Sets New 52-Week High – Here’s Why

Procure Space ETF (NASDAQ:UFO)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $58.96 and last traded at $57.59, with a volume of 1977536 shares. The stock had previously closed at $56.25.

Procure Space ETF Price Performance

The business has a 50 day moving average of $49.88 and a 200 day moving average of $43.61. The firm has a market capitalization of $836.21 million, a price-to-earnings ratio of 18.98 and a beta of 1.23.

Institutional Investors Weigh In On Procure Space ETF

A number of institutional investors have recently made changes to their positions in UFO. HighTower Advisors LLC grew its stake in Procure Space ETF by 215.7% in the third quarter. HighTower Advisors LLC now owns 38,132 shares of the company’s stock valued at $1,360,000 after acquiring an additional 26,054 shares during the period. Generation Capital Management LLC acquired a new position in Procure Space ETF in the third quarter valued at about $464,000. Nwam LLC acquired a new position in Procure Space ETF in the fourth quarter valued at about $1,814,000. Foundations Investment Advisors LLC acquired a new position in Procure Space ETF in the third quarter valued at about $3,126,000. Finally, Griffin Asset Management Inc. grew its stake in Procure Space ETF by 20.9% in the first quarter. Griffin Asset Management Inc. now owns 8,759 shares of the company’s stock valued at $392,000 after acquiring an additional 1,516 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.