Hennessy Sustainable ETF (NASDAQ:STNC) Stock Price Down 1.1% – Here’s What Happened

Hennessy Sustainable ETF (NASDAQ:STNC)’s share price dropped 1.1% during mid-day trading on Wednesday . The stock traded as low as $37.26 and last traded at $37.26. 9,584 shares were traded during trading, an increase of 314% from the average daily volume of 2,316 shares. The stock had previously closed at $37.68.

Hennessy Sustainable ETF Stock Performance

The stock has a market capitalization of $97.20 million, a PE ratio of 19.83 and a beta of 0.85. The stock’s fifty day simple moving average is $36.08 and its 200-day simple moving average is $34.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STNC. Cetera Investment Advisers increased its stake in Hennessy Sustainable ETF by 67.6% in the 2nd quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock valued at $383,000 after buying an additional 5,005 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hennessy Sustainable ETF in the 2nd quarter worth approximately $96,000. Osaic Holdings Inc. purchased a new position in shares of Hennessy Sustainable ETF in the 2nd quarter worth approximately $84,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Hennessy Sustainable ETF in the fourth quarter valued at approximately $202,000.

Hennessy Sustainable ETF Company Profile

The Hennessy Stance ESG ETF (STNC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of US firms screened for ESG criteria. The fund utilizes the Blue Tractor non-transparent model. STNC was launched on Mar 16, 2021 and is issued by Hennessy.