Beam Global (NASDAQ:BEEMW) Shares Down 13.6%

Beam Global (NASDAQ:BEEMWGet Rating) was down 13.6% during mid-day trading on Tuesday . The company traded as low as $6.37 and last traded at $6.37. Approximately 672 shares were traded during trading, a decline of 60% from the average daily volume of 1,672 shares. The stock had previously closed at $7.37.

An institutional investor recently raised its position in Beam Global stock. UBS Group AG lifted its stake in shares of Beam Global (NASDAQ:BEEMWGet Rating) by 151.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,955 shares of the company’s stock after purchasing an additional 2,380 shares during the period. UBS Group AG’s holdings in Beam Global were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

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