Global X CleanTech ETF (NASDAQ:CTEC) Shares Up 0.2% – Still a Buy?

Shares of Global X CleanTech ETF (NASDAQ:CTEC) shot up 0.2% during trading on Friday . The company traded as high as $66.91 and last traded at $66.40. 4,988 shares were traded during mid-day trading, an increase of 6% from the average session volume of 4,704 shares. The stock had previously closed at $66.25.

Global X CleanTech ETF Price Performance

The stock has a 50-day simple moving average of $67.85 and a 200-day simple moving average of $61.29. The stock has a market cap of $29.22 million, a P/E ratio of 15.62 and a beta of 1.51.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its position in Global X CleanTech ETF by 39.9% in the fourth quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock valued at $464,000 after acquiring an additional 2,488 shares during the last quarter. Raymond James Financial Inc. bought a new position in Global X CleanTech ETF in the second quarter valued at about $26,000. Western Wealth Management LLC bought a new position in Global X CleanTech ETF in the first quarter valued at about $83,000. Finally, CIBC Private Wealth Group LLC bought a new position in Global X CleanTech ETF in the fourth quarter valued at about $26,000.

About Global X CleanTech ETF

The Global X CleanTech ETF (CTEC) is an exchange-traded fund that is based on the Indxx Global CleanTech index. The fund tracks a market-cap weighted index of global companies involved in the development and production of technologies that reduce negative impact on the environment. CTEC was launched on Oct 27, 2020 and is managed by Global X.