American Conservative Values ETF (NYSEARCA:ACVF) Shares Down 1.3% – Time to Sell?

American Conservative Values ETF (NYSEARCA:ACVF)’s stock price traded down 1.3% during trading on Thursday . The stock traded as low as $48.74 and last traded at $48.76. 8,159 shares traded hands during trading, an increase of 24% from the average session volume of 6,569 shares. The stock had previously closed at $49.38.

American Conservative Values ETF Trading Down 1.3%

The business has a fifty day moving average of $49.72 and a 200-day moving average of $49.05. The company has a market cap of $135.55 million, a PE ratio of 25.85 and a beta of 0.96.

American Conservative Values ETF Cuts Dividend

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

Institutional Trading of American Conservative Values ETF

A number of hedge funds have recently made changes to their positions in the stock. WorthPointe LLC bought a new position in shares of American Conservative Values ETF in the fourth quarter worth approximately $4,736,000. Encompass More Asset Management lifted its position in American Conservative Values ETF by 57.3% in the 4th quarter. Encompass More Asset Management now owns 40,865 shares of the company’s stock valued at $2,018,000 after acquiring an additional 14,886 shares in the last quarter. AE Wealth Management LLC lifted its position in American Conservative Values ETF by 17.1% in the 4th quarter. AE Wealth Management LLC now owns 36,964 shares of the company’s stock valued at $1,826,000 after acquiring an additional 5,407 shares in the last quarter. MML Investors Services LLC boosted its stake in American Conservative Values ETF by 0.9% during the 2nd quarter. MML Investors Services LLC now owns 29,861 shares of the company’s stock valued at $1,408,000 after purchasing an additional 258 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of American Conservative Values ETF by 4.2% in the 4th quarter. Brookstone Capital Management now owns 24,514 shares of the company’s stock worth $1,211,000 after purchasing an additional 986 shares in the last quarter.

American Conservative Values ETF Company 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.