American Conservative Values ETF (NYSEARCA:ACVF) Stock Price Down 0.5% – What’s Next?

American Conservative Values ETF (NYSEARCA:ACVF) shares dropped 0.5% on Wednesday . The stock traded as low as $49.85 and last traded at $50.13. Approximately 3,091 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 5,010 shares. The stock had previously closed at $50.37.

American Conservative Values ETF Stock Performance

The stock has a market cap of $139.36 million, a PE ratio of 25.85 and a beta of 0.96. The firm has a fifty day moving average price of $49.25 and a 200 day moving average price of $48.78.

American Conservative Values ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.0699 dividend. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 24th.

Hedge Funds Weigh In On American Conservative Values ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brookstone Capital Management raised its holdings in shares of American Conservative Values ETF by 6.9% in the second quarter. Brookstone Capital Management now owns 23,780 shares of the company’s stock worth $1,121,000 after buying an additional 1,538 shares during the last quarter. Verus Capital Partners LLC raised its stake in American Conservative Values ETF by 45.0% in the 2nd quarter. Verus Capital Partners LLC now owns 7,250 shares of the company’s stock worth $342,000 after acquiring an additional 2,250 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in American Conservative Values ETF by 36.4% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,857 shares of the company’s stock worth $465,000 after acquiring an additional 2,628 shares during the period. Golden State Equity Partners purchased a new stake in American Conservative Values ETF during the 2nd quarter valued at about $303,000. Finally, RMG Wealth Management LLC acquired a new position in shares of American Conservative Values ETF in the second quarter valued at about $84,000.

About American Conservative Values ETF

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.