Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $25.68 and traded as high as $26.05. Defiance Large Cap ex-Mag 7 ETF shares last traded at $26.00, with a volume of 65,409 shares.

Defiance Large Cap ex-Mag 7 ETF Stock Performance

The firm’s 50 day simple moving average is $25.68 and its 200-day simple moving average is $24.70. The company has a market capitalization of $207.08 million, a price-to-earnings ratio of 22.62 and a beta of 0.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Large Cap ex-Mag 7 ETF stock. Rathbones Group PLC acquired a new position in Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,000 shares of the company’s stock, valued at approximately $279,000. Rathbones Group PLC owned approximately 0.14% of Defiance Large Cap ex-Mag 7 ETF at the end of the most recent quarter.

About Defiance Large Cap ex-Mag 7 ETF

The Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that is based on the BITA US 500 ex-Magnificent 7 index. The fund tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks XMAG was launched on Oct 21, 2024 and is issued by Defiance.