Formidable Fortress ETF (NYSEARCA:KONG) Trading Down 0.3%

Formidable Fortress ETF (NYSEARCA:KONG)’s share price dropped 0.3% on Thursday . The company traded as low as $26.38 and last traded at $26.38. Approximately 5,254 shares were traded during mid-day trading, an increase of 109% from the average daily volume of 2,509 shares. The stock had previously closed at $26.45.

Formidable Fortress ETF Trading Down 0.3 %

The business’s fifty day simple moving average is $27.03 and its two-hundred day simple moving average is $26.18. The stock has a market capitalization of $25.72 million, a P/E ratio of 25.99 and a beta of 0.57.

Institutional Trading of Formidable Fortress ETF

An institutional investor recently raised its position in Formidable Fortress ETF stock. Formidable Asset Management LLC lifted its holdings in shares of Formidable Fortress ETF (NYSEARCA:KONG) by 5.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,013,115 shares of the company’s stock after acquiring an additional 54,299 shares during the period. Formidable Fortress ETF makes up about 5.6% of Formidable Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Formidable Asset Management LLC owned 96.49% of Formidable Fortress ETF worth $25,434,000 at the end of the most recent quarter.

Formidable Fortress ETF Company Profile

The Formidable Fortress ETF (KONG) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation by actively selecting a narrow basket of large- and mid-cap stocks from around the world. KONG was launched on Jul 22, 2021 and is managed by Formidable.