Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Trading Up 1.9% – Still a Buy?

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) shares shot up 1.9% during trading on Thursday . The stock traded as high as $60.87 and last traded at $60.47. Approximately 35,376 shares changed hands during trading, a decline of 5% from the average session volume of 37,375 shares. The stock had previously closed at $59.33.

Roundhill GOOGL WeeklyPay ETF Stock Performance

The firm has a 50 day simple moving average of $63.91 and a two-hundred day simple moving average of $67.05.

Institutional Trading of Roundhill GOOGL WeeklyPay ETF

A hedge fund recently bought a new position in Roundhill GOOGL WeeklyPay ETF stock. Group One Trading LLC bought a new stake in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 750 shares of the company’s stock, valued at approximately $43,000.

Roundhill GOOGL WeeklyPay ETF (BATS: GOOW) is an exchange-traded fund issued by Roundhill Investments that provides investors with targeted exposure to Alphabet Inc (GOOGL), the parent company of Google. The fund is listed on the Cboe BATS exchange under the ticker symbol GOOW and is offered as a single-issuer vehicle designed for investors seeking concentrated exposure to one of the largest U.S. technology companies.

As indicated by its name, the ETF is structured to deliver regular distributions on a weekly schedule, which may appeal to income-oriented investors who want periodic cash flow while maintaining equity exposure to Alphabet.