American Conservative Values ETF (NYSEARCA:ACVF) Stock Price Down 1.3% – Here’s Why

American Conservative Values ETF (NYSEARCA:ACVF)’s share price traded down 1.3% during trading on Thursday . The company traded as low as $48.74 and last traded at $48.76. 8,159 shares were traded 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 Stock Performance

The company has a market cap of $135.55 million, a price-to-earnings ratio of 25.85 and a beta of 0.96. The company’s fifty day moving average is $49.72 and its two-hundred day moving average is $49.05.

American Conservative Values ETF Cuts Dividend

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

Institutional Investors Weigh In On American Conservative Values ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brookstone Capital Management grew its holdings in American Conservative Values ETF by 6.9% during the second quarter. Brookstone Capital Management now owns 23,780 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,538 shares during the period. Verus Capital Partners LLC boosted its position 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 purchasing an additional 2,250 shares in the last quarter. MML Investors Services LLC grew its stake in shares of 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 worth $1,408,000 after purchasing an additional 258 shares during the period. Great Waters Wealth Management increased its holdings in shares of American Conservative Values ETF by 11.8% during the 3rd quarter. Great Waters Wealth Management now owns 6,649 shares of the company’s stock valued at $328,000 after purchasing an additional 702 shares in the last quarter. Finally, Encompass More Asset Management increased its holdings in shares of American Conservative Values ETF by 22.3% during the 3rd quarter. Encompass More Asset Management now owns 25,979 shares of the company’s stock valued at $1,281,000 after purchasing an additional 4,743 shares in the last quarter.

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.