Procure Space ETF (NASDAQ:UFO) Stock Crosses Above 50 Day Moving Average – Here’s Why

Procure Space ETF (NASDAQ:UFO)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $41.84 and traded as high as $42.49. Procure Space ETF shares last traded at $42.17, with a volume of 100,130 shares traded.

Procure Space ETF Price Performance

The firm has a 50-day moving average of $41.84 and a 200-day moving average of $47.10. The stock has a market cap of $456.28 million, a PE ratio of 13.92 and a beta of 1.43.

Procure Space ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.0041 dividend. This represents a $0.02 annualized dividend and a yield of 0.0%. The ex-dividend date was Tuesday, September 29th. This is a negative change from Procure Space ETF’s previous quarterly dividend of $0.0582.

Institutional Investors Weigh In On Procure Space ETF

Institutional investors have recently added to or reduced their stakes in the stock. Latitude Advisors LLC bought a new stake in shares of Procure Space ETF during the third quarter valued at approximately $27,000. IFP Advisors Inc lifted its holdings in shares of Procure Space ETF by 109.3% in the third quarter. IFP Advisors Inc now owns 810 shares of the company’s stock worth $34,000 after buying an additional 423 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Procure Space ETF by 787.4% during the second quarter. CoreCap Advisors LLC now owns 843 shares of the company’s stock worth $43,000 after acquiring an additional 748 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Procure Space ETF by 97.1% during the second quarter. TD Waterhouse Canada Inc. now owns 1,015 shares of the company’s stock worth $51,000 after acquiring an additional 500 shares during the last quarter. Finally, GK Wealth Management LLC bought a new position in shares of Procure Space ETF during the third quarter worth $44,000.

Procure Space ETF Company Profile

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.