Democratic Large Cap Core ETF (NASDAQ:DEMZ) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of Democratic Large Cap Core ETF (NASDAQ:DEMZ) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $36.11 and traded as high as $37.37. Democratic Large Cap Core ETF shares last traded at $37.33, with a volume of 3,145 shares trading hands.

Democratic Large Cap Core ETF Stock Performance

The business has a fifty day simple moving average of $36.11 and a 200 day simple moving average of $34.92. The stock has a market cap of $40.32 million, a price-to-earnings ratio of 32.64 and a beta of 1.04.

Institutional Trading of Democratic Large Cap Core ETF

A hedge fund recently bought a new stake in Democratic Large Cap Core ETF stock. Wedbush Securities Inc. bought a new stake in Democratic Large Cap Core ETF (NASDAQ:DEMZ) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,000 shares of the company’s stock, valued at approximately $206,000. Wedbush Securities Inc. owned approximately 0.57% of Democratic Large Cap Core ETF at the end of the most recent quarter.

Democratic Large Cap Core ETF Company Profile

The Democratic Large Cap Core ETF (DEMZ) is an exchange-traded fund that is based on the Democratic Large Cap Core index. The fund tracks an index of US large-cap companies whose employees are highly supportive of Democratic candidates. DEMZ was launched on Nov 2, 2020 and is managed by RAM.