Global X Internet of Things ETF (NASDAQ:SNSR – Get Free Report)’s stock price dropped 0.7% during mid-day trading on Friday . The stock traded as low as $36.09 and last traded at $36.18. Approximately 19,309 shares changed hands during trading, a decline of 16% from the average daily volume of 22,975 shares. The stock had previously closed at $36.44.
Global X Internet of Things ETF Price Performance
The business has a 50-day simple moving average of $38.71 and a 200 day simple moving average of $37.50. The firm has a market cap of $198.63 million, a PE ratio of 26.18 and a beta of 1.26.
Hedge Funds Weigh In On Global X Internet of Things ETF
Several large investors have recently added to or reduced their stakes in SNSR. Ameriflex Group Inc. lifted its stake in shares of Global X Internet of Things ETF by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 1,228 shares of the company’s stock valued at $48,000 after buying an additional 614 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Global X Internet of Things ETF by 575.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,331 shares of the company’s stock valued at $50,000 after acquiring an additional 1,134 shares during the period. HB Wealth Management LLC purchased a new position in shares of Global X Internet of Things ETF in the third quarter valued at about $203,000. Great Valley Advisor Group Inc. bought a new position in shares of Global X Internet of Things ETF in the second quarter worth about $211,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Global X Internet of Things ETF during the second quarter worth about $239,000.
About Global X Internet of Things ETF
The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.
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