MicroSectors FANG+ ETN (NYSEARCA:FNGS) Reaches New 12-Month High – Should You Buy?

Shares of MicroSectors FANG+ ETN (NYSEARCA:FNGSGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $74.77 and last traded at $74.3680, with a volume of 8016 shares. The stock had previously closed at $74.35.

MicroSectors FANG+ ETN Stock Performance

The company has a market capitalization of $560.58 million, a price-to-earnings ratio of 35.17 and a beta of 1.29. The stock’s fifty day simple moving average is $64.73 and its two-hundred day simple moving average is $66.99.

Institutional Trading of MicroSectors FANG+ ETN

An institutional investor recently bought a new position in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC acquired a new stake in shares of MicroSectors FANG+ ETN (NYSEARCA:FNGSFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,183 shares of the company’s stock, valued at approximately $217,000.

MicroSectors FANG+ ETN Company Profile

(Get Free Report)

The MicroSectors FANG+ ETN (FNGS) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks an equally-weighted index of US-listed technology and consumer discretionary companies, selected by a committee. FNGS was launched on Nov 15, 2019 and is issued by REX Microsectors.

Featured Stories

Receive News & Ratings for MicroSectors FANG+ ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroSectors FANG+ ETN and related companies with MarketBeat.com's FREE daily email newsletter.