Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) Reaches New 1-Year High at $42.76

Defiance Next Gen Connectivity ETF (NYSEARCA:FIVG) shares hit a new 52-week high on Friday . The stock traded as high as $42.76 and last traded at $42.75, with a volume of 17018 shares changing hands. The stock had previously closed at $42.47.

Defiance Next Gen Connectivity ETF Price Performance

The company has a market cap of $619.88 million, a P/E ratio of 22.54 and a beta of 1.36. The company’s 50-day moving average is $39.90 and its two-hundred day moving average is $38.22.

Institutional Investors Weigh In On Defiance Next Gen Connectivity ETF

A number of large investors have recently added to or reduced their stakes in FIVG. Advantage Trust Co bought a new stake in Defiance Next Gen Connectivity ETF in the 4th quarter worth approximately $2,203,000. Strategic Blueprint LLC purchased a new position in shares of Defiance Next Gen Connectivity ETF during the 1st quarter worth $210,000. Beaumont Financial Advisors LLC bought a new stake in shares of Defiance Next Gen Connectivity ETF during the 1st quarter valued at $201,000. Vima LLC purchased a new stake in shares of Defiance Next Gen Connectivity ETF in the 4th quarter worth $104,000. Finally, Oak Family Advisors LLC raised its holdings in Defiance Next Gen Connectivity ETF by 15.4% in the 1st quarter. Oak Family Advisors LLC now owns 12,380 shares of the company’s stock worth $484,000 after purchasing an additional 1,652 shares during the period.

About Defiance Next Gen Connectivity ETF

The Defiance 5G Next Gen Connectivity ETF (FIVG) is an exchange-traded fund that is based on the MVIS Bluestar 5G Communications index. The fund tracks a tier-weighted index of global equities related to 5G networks. FIVG was launched on Mar 4, 2019 and is managed by Defiance.