Global X Internet of Things Thematic ETF (NASDAQ:SNSR) Stock Crosses Above 200-Day Moving Average – Here’s Why

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.22 and traded as high as $36.90. Global X Internet of Things Thematic ETF shares last traded at $36.63, with a volume of 9,039 shares trading hands.

Global X Internet of Things Thematic ETF Stock Down 0.5 %

The company has a fifty day moving average of $35.16 and a 200 day moving average of $35.22. The company has a market cap of $247.00 million, a P/E ratio of 25.59 and a beta of 1.24.

Hedge Funds Weigh In On Global X Internet of Things Thematic ETF

Institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC purchased a new stake in Global X Internet of Things Thematic ETF during the 1st quarter worth approximately $204,000. CWM LLC boosted its stake in Global X Internet of Things Thematic ETF by 133.6% during the second quarter. CWM LLC now owns 1,070 shares of the company’s stock worth $38,000 after buying an additional 612 shares during the period. Raymond James & Associates lifted its holdings in Global X Internet of Things Thematic ETF by 17.0% during the 2nd quarter. Raymond James & Associates now owns 42,157 shares of the company’s stock worth $1,513,000 after buying an additional 6,112 shares in the last quarter. Crew Capital Management Ltd. raised its holdings in shares of Global X Internet of Things Thematic ETF by 20.6% in the 2nd quarter. Crew Capital Management Ltd. now owns 8,795 shares of the company’s stock valued at $316,000 after purchasing an additional 1,500 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Global X Internet of Things Thematic ETF in the second quarter valued at $50,000.

Global X Internet of Things Thematic ETF Company Profile

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.