SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Shares Down 0.3% – Here’s Why

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE)’s share price fell 0.3% during mid-day trading on Wednesday . The company traded as low as $24.71 and last traded at $24.74. 36,144 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 99,956 shares. The stock had previously closed at $24.81.

SMI 3Fourteen Full-Cycle Trend ETF Stock Performance

The firm has a market cap of $272.14 million, a price-to-earnings ratio of 28.39 and a beta of 0.78. The stock has a 50-day moving average of $25.88 and a 200-day moving average of $26.06.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FCTE. Flow Traders U.S. LLC bought a new position in SMI 3Fourteen Full-Cycle Trend ETF in the second quarter valued at $644,000. Ancora Advisors LLC boosted its stake in shares of SMI 3Fourteen Full-Cycle Trend ETF by 333.3% during the 1st quarter. Ancora Advisors LLC now owns 13,000 shares of the company’s stock worth $326,000 after buying an additional 10,000 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of SMI 3Fourteen Full-Cycle Trend ETF during the 3rd quarter worth about $50,000.

About SMI 3Fourteen Full-Cycle Trend ETF

The SMI 3Fourteen Full-Cycle Trend ETF (FCTE) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks long-term capital appreciation by actively managing a narrow portfolio of large-cap US stocks. Stock selection is based on a proprietary model that screens for quality metrics and trend factors.