Brandes U.S. Value ETF (BATS:BUSA) Shares Up 5.9% – What’s Next?

Brandes U.S. Value ETF (BATS:BUSA)’s stock price traded up 5.9% during mid-day trading on Wednesday . The stock traded as high as $36.4329 and last traded at $37.9650. 20,213 shares were traded during mid-day trading, a decline of 37% from the average session volume of 32,149 shares. The stock had previously closed at $35.84.

Brandes U.S. Value ETF Trading Up 5.9%

The company has a market capitalization of $262.72 million, a P/E ratio of 15.10 and a beta of 0.74. The company has a 50 day moving average price of $36.85 and a 200 day moving average price of $35.27.

Hedge Funds Weigh In On Brandes U.S. Value ETF

Several large investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC boosted its holdings in shares of Brandes U.S. Value ETF by 1.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 32,984 shares of the company’s stock worth $1,150,000 after buying an additional 348 shares during the period. JPMorgan Chase & Co. bought a new position in Brandes U.S. Value ETF in the 3rd quarter valued at about $35,000. Finally, Steph & Co. acquired a new stake in Brandes U.S. Value ETF during the fourth quarter worth approximately $268,000.

Brandes U.S. Value ETF Company Profile

The Brandes U.S. Value ETF (BUSA) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in equity securities of companies whose business activities are predominantly in the US. The fund seeks securities that are perceived to be trading at a discount to their intrinsic value BUSA was launched on Oct 3, 2023 and is issued by Brandes.