First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Shares Down 1.7% – Time to Sell?

Shares of First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) fell 1.7% during mid-day trading on Friday . The company traded as low as $22.05 and last traded at $22.05. 7,379 shares were traded during mid-day trading, an increase of 798% from the average daily volume of 822 shares. The stock had previously closed at $22.43.

First Trust Nasdaq Lux Digital Health Solutions ETF Stock Down 1.7%

The firm’s 50-day moving average price is $20.00 and its 200 day moving average price is $18.00. The firm has a market cap of $4.41 million, a P/E ratio of 38.88 and a beta of 1.29.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust Nasdaq Lux Digital Health Solutions ETF stock. Cetera Investment Advisers purchased a new stake in First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,978 shares of the company’s stock, valued at approximately $516,000. Cetera Investment Advisers owned 14.49% of First Trust Nasdaq Lux Digital Health Solutions ETF at the end of the most recent quarter.

About First Trust Nasdaq Lux Digital Health Solutions ETF

The First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) is an exchange-traded fund that is based on the NASDAQ Lux Health Tech index. The fund tracks a market cap-weighted index of globally-listed companies engaged in digital health technologies. EKG was launched on Mar 22, 2022 and is managed by First Trust.