Cambridge Investment Research Advisors Inc. cut its holdings in Global X FinTech ETF by more than half during the fourth quarter
In another bold move, Cambridge Investment Research Advisors Inc. reportedly cut its stake in Global X FinTech ETF (NASDAQ:FINX) by a whopping 53.7% during the fourth quarter. According to the company’s most recent disclosure with the Securities & Exchange Commission, Cambridge Investment Research Advisors Inc. now only owns approximately 38,695 shares of the fintech firm’s stock, representing a significant sale of 44,865 shares in just three months.
This move speaks volumes about Cambridge Investment Research Advisors Inc.’s current investment strategy and penchant for risk reduction. The veteran investment advisory firm’s recent decision to reduce its holdings in one of fintech’s most promising ETFs is a clear indication of its concern about ongoing market volatility and the unpredictable nature of the fintech space.
Moreover, this steep decline in ownership underscores FINX’s current valuation and has many investors wondering about the future prospects of this fintech ETF. Considering that Cambridge Investment Research Advisors Inc. owned approximately 0.19% of Global X FinTech ETF prior to their recent sale, it is becoming increasingly clear that even seasoned professionals may not always hold onto their investments when trends fluctuate frequently in an industry.
As the SEC filing clearly shows, Cambridge Investment Research Advisors Inc.’s holdings in Global X FinTech ETF are currently worth $745,000 after selling roughly half of its previous holdings in just three months. Given how closely correlated fintech stocks tend to be with broader technology markets – which have seen extreme volatility of late – it’s understandable why many investment firms in this space may be taking steps to reduce their positions.
It remains to be seen what will become of globally recognized fintech giant FINX following this sudden sale of a well-respected investment advisory firm like Cambridge Investment Research Advisors Inc., but it is certainly an interesting trend worth monitoring as we head into uncertainty times for many industries and sectors globally.
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Global X FinTech ETF: Leading the Way in Digital Finance Investment
Global X FinTech ETF – A rising star in the financial world
Over the past few years, there has been a significant shift towards digital financial services, also known as fintech, which has redefined the traditional financial landscape. The Global X FinTech ETF (NASDAQ:FINX) is one such platform that is growing in popularity among both investors and institutions.
Recent data indicates that a number of institutional investors have modified their holdings of Global X FinTech ETF with positive results. Cetera Investment Advisers increased its stake in the company by 9.9% during 2021Q1, while Baird Financial Group increased its position by 5.9% during the same period. Flow Traders USLLC managed to increase its position by an impressive 104.6% and Renaissance Technologies LLC – one of the most recognized hedge funds – bought more than 153% additional shares during this quarter.
These numbers indicate strong investor confidence in the Global X FinTech ETF and its expanding capabilities, which include access to cutting-edge fintech companies across all financial segments such as mobile payments, digital banking, blockchain technology and software-as-a-service investment platforms.
Trading at $21.19 on Tuesday, FINX’s market cap is $406.64 million with a PE ratio of 31.69 and a beta coefficient of 1.35, offering attractive returns to those willing to invest in dreams made a reality through digital innovations.
For those considering investing in the Global X FinTech ETF or for those who simply want regular updates on changes to FINX’s investment portfolio as well as insider trading details, HoldingsChannel.com offers up-to-date information on the latest 13F filings from various hedge funds across America .
In conclusion, the Global X FinTech ETF offers investors exclusive access to emerging fintech companies that are changing traditional financial elements such as: payment processes, wealth management solutions and trading mechanisms. Given the growing interest from institutional investors in the company, FINX appears to be well positioned to benefit from this growing trend in fintech and could potentially see continued growth in the years ahead.