Sphere Entertainment (NYSE:MSGE) Stock Position Raised by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of Sphere Entertainment (NYSE:MSGE) by 111.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,860 shares of the company’s stock after purchasing an additional 15,756 shares during the period. Exchange Traded Concepts LLC owned approximately 0.06% of Sphere Entertainment worth $1,063,000 at the end of the most recent quarter.

Sphere Entertainment Stock Performance

Sphere Entertainment stock opened at $35.97 on Wednesday. The company has a 50 day moving average price of $35.46 and a 200 day moving average price of $38.60. Sphere Entertainment has a 52 week low of $32.40 and a 52 week high of $44.14. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 3.23 and a beta of 0.04.

Sphere Entertainment Profile

Sphere Entertainment Co is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in Las Vegas in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming.