Merit Financial Group LLC Makes New Investment in American Conservative Values ETF (NYSEARCA:ACVF)

Merit Financial Group LLC acquired a new position in American Conservative Values ETF (NYSEARCA:ACVF) in the 4th quarter, HoldingsChannel reports. The firm acquired 5,880 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Investments Inc bought a new position in shares of American Conservative Values ETF during the 3rd quarter worth approximately $1,677,000. Commonwealth Equity Services LLC increased its position in shares of American Conservative Values ETF by 1.1% during the third quarter. Commonwealth Equity Services LLC now owns 29,267 shares of the company’s stock valued at $967,000 after acquiring an additional 320 shares during the last quarter. Private Advisor Group LLC grew its stake in American Conservative Values ETF by 271.2% in the 3rd quarter. Private Advisor Group LLC now owns 22,367 shares of the company’s stock valued at $739,000 after purchasing an additional 16,342 shares during the period. Finally, Brookstone Capital Management increased its position in shares of American Conservative Values ETF by 6.7% during the 4th quarter. Brookstone Capital Management now owns 11,879 shares of the company’s stock valued at $433,000 after purchasing an additional 747 shares during the last quarter.

American Conservative Values ETF Stock Performance

Shares of NYSEARCA:ACVF opened at $39.45 on Friday. The company has a market capitalization of $86.00 million, a P/E ratio of 26.41 and a beta of 0.97. The company’s 50-day moving average is $39.38 and its 200 day moving average is $37.14. American Conservative Values ETF has a fifty-two week low of $30.93 and a fifty-two week high of $40.64.

American Conservative Values ETF Profile

The American Conservative Values ETF (ACVF) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies that are perceived to align with political conservative values. ACVF was launched on Oct 29, 2020 and is managed by ACV.