Envestnet Asset Management Inc. Purchases 62,856 Shares of Morgan Dempsey Large Cap Value ETF $MDLV

Envestnet Asset Management Inc. raised its position in Morgan Dempsey Large Cap Value ETF (NYSEARCA:MDLV) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 507,384 shares of the company’s stock after buying an additional 62,856 shares during the quarter. Envestnet Asset Management Inc. owned 43.37% of Morgan Dempsey Large Cap Value ETF worth $14,207,000 at the end of the most recent reporting period.

Separately, Beacon Pointe Advisors LLC increased its holdings in shares of Morgan Dempsey Large Cap Value ETF by 12.7% during the second quarter. Beacon Pointe Advisors LLC now owns 265,592 shares of the company’s stock worth $7,163,000 after purchasing an additional 29,953 shares during the period.

Morgan Dempsey Large Cap Value ETF Trading Up 0.6%

NYSEARCA MDLV opened at $31.01 on Tuesday. The company has a market cap of $37.83 million, a price-to-earnings ratio of 16.21 and a beta of 0.51. The company has a 50 day moving average of $29.25 and a 200-day moving average of $28.31. Morgan Dempsey Large Cap Value ETF has a 1-year low of $23.95 and a 1-year high of $31.18.

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.