Democratic Large Cap Core ETF (NASDAQ:DEMZ) Shares Down 1.2% – Here’s Why

Democratic Large Cap Core ETF (NASDAQ:DEMZ)’s share price was down 1.2% on Friday . The stock traded as low as $43.86 and last traded at $43.86. Approximately 1,037 shares traded hands during trading, a decline of 75% from the average daily volume of 4,160 shares. The stock had previously closed at $44.38.

Democratic Large Cap Core ETF Price Performance

The firm has a market capitalization of $59.21 million, a PE ratio of 28.63 and a beta of 1.04. The firm’s fifty day moving average is $42.37 and its two-hundred day moving average is $42.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Democratic Large Cap Core ETF stock. Envestnet Portfolio Solutions Inc. raised its stake in Democratic Large Cap Core ETF (NASDAQ:DEMZ) by 64.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,109 shares of the company’s stock after acquiring an additional 39,158 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 7.70% of Democratic Large Cap Core ETF worth $4,271,000 as of its most recent filing with the Securities & Exchange Commission.

About Democratic Large Cap Core ETF

The Democratic Large Cap Core ETF (DEMZ) is an exchange-traded fund that is based on the Democratic Large Cap Core index. The fund tracks an index of US large-cap companies whose employees are highly supportive of Democratic candidates. DEMZ was launched on Nov 2, 2020 and is managed by RAM.