Clough Select Equity ETF (NYSEARCA:CBSE) Stock Price Down 0.2% – Here’s Why

Shares of Clough Select Equity ETF (NYSEARCA:CBSE) fell 0.2% on Tuesday . The stock traded as low as $42.15 and last traded at $42.42. 3,188 shares were traded during trading, a decline of 36% from the average session volume of 4,993 shares. The stock had previously closed at $42.52.

Clough Select Equity ETF Stock Performance

The firm has a market capitalization of $41.15 million, a P/E ratio of 27.87 and a beta of 1.16. The stock has a 50 day moving average of $41.65 and a 200-day moving average of $40.53.

Clough Select Equity ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.1364 per share. The ex-dividend date was Tuesday, December 30th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Select Equity ETF stock. JPMorgan Chase & Co. raised its holdings in shares of Clough Select Equity ETF (NYSEARCA:CBSE) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,553 shares of the company’s stock after acquiring an additional 6,316 shares during the quarter. JPMorgan Chase & Co. owned about 20.47% of Clough Select Equity ETF worth $7,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Clough Select Equity ETF Company Profile

The Changebridge Capital Sustainable Equity ETF (CBSE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, concentrated portfolio of US-listed stocks that appear fundamentally undervalued and have positive environmental, social and governance attributes as viewed by the fund adviser. CBSE was launched on Nov 13, 2020 and is managed by Changebridge Capital.