Procure Space ETF (NASDAQ:UFO) Reaches New 1-Year High – Here’s What Happened

Procure Space ETF (NASDAQ:UFO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $56.09 and last traded at $56.00, with a volume of 478343 shares trading hands. The stock had previously closed at $54.50.

Procure Space ETF Stock Performance

The business’s fifty day moving average price is $48.98 and its 200-day moving average price is $43.08. The stock has a market cap of $818.35 million, a PE ratio of 18.98 and a beta of 1.23.

Institutional Trading of Procure Space ETF

Institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in shares of Procure Space ETF during the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. boosted its holdings in shares of Procure Space ETF by 452.6% in the third quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the company’s stock worth $37,000 after buying an additional 860 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Procure Space ETF in the first quarter worth approximately $42,000. Evolution Wealth Management Inc. purchased a new position in shares of Procure Space ETF in the first quarter worth approximately $46,000. Finally, IFP Advisors Inc boosted its holdings in shares of Procure Space ETF by 1,550.8% in the third quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock worth $69,000 after buying an additional 1,830 shares during the last quarter.

About Procure Space ETF

The Procure Space ETF (UFO) is an exchange-traded fund that is based on the S-Network Space index. The fund tracks a tier-weighted index of aerospace companies located globally. UFO was launched on Apr 11, 2019 and is managed by ProcureAM.