Beacon Pointe Advisors LLC Has $7.16 Million Position in Morgan Dempsey Large Cap Value ETF $MDLV

Beacon Pointe Advisors LLC grew its holdings in Morgan Dempsey Large Cap Value ETF (NYSEARCA:MDLV) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,592 shares of the company’s stock after purchasing an additional 29,953 shares during the period. Beacon Pointe Advisors LLC owned approximately 27.38% of Morgan Dempsey Large Cap Value ETF worth $7,163,000 as of its most recent SEC filing.

Separately, Envestnet Asset Management Inc. lifted its stake in Morgan Dempsey Large Cap Value ETF by 10.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 444,528 shares of the company’s stock worth $11,989,000 after acquiring an additional 41,479 shares in the last quarter.

Morgan Dempsey Large Cap Value ETF Trading Down 0.3%

Shares of NYSEARCA MDLV opened at $28.15 on Wednesday. Morgan Dempsey Large Cap Value ETF has a one year low of $23.95 and a one year high of $28.52. The business has a 50-day moving average price of $27.90 and a two-hundred day moving average price of $27.46. The firm has a market capitalization of $32.94 million, a PE ratio of 16.21 and a beta of 0.51.

Morgan Dempsey Large Cap Value ETF Profile

The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.