Hennessy Sustainable ETF (NASDAQ:STNC) Shares Up 0.3% – Still a Buy?

Hennessy Sustainable ETF (NASDAQ:STNC)’s share price traded up 0.3% on Friday . The stock traded as high as $37.82 and last traded at $37.76. 326 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 2,169 shares. The stock had previously closed at $37.66.

Hennessy Sustainable ETF Stock Performance

The business’s 50 day moving average is $37.14 and its 200 day moving average is $35.94. The stock has a market cap of $95.16 million, a price-to-earnings ratio of 19.83 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. acquired a new position in Hennessy Sustainable ETF during the second quarter valued at $84,000. Raymond James Financial Inc. purchased a new position in Hennessy Sustainable ETF during the 2nd quarter valued at about $96,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Hennessy Sustainable ETF in the 4th quarter valued at about $202,000. Finally, Cetera Investment Advisers lifted its position in shares of Hennessy Sustainable ETF by 67.6% in the second quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock worth $383,000 after purchasing an additional 5,005 shares in the last quarter.

Hennessy Sustainable ETF Company Profile

The Hennessy Stance ESG ETF (STNC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of US firms screened for ESG criteria. The fund utilizes the Blue Tractor non-transparent model. STNC was launched on Mar 16, 2021 and is issued by Hennessy.