Envestnet Asset Management Inc. Cuts Stake in American Conservative Values ETF $ACVF

Envestnet Asset Management Inc. lessened its stake in American Conservative Values ETF (NYSEARCA:ACVF) by 37.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,383 shares of the company’s stock after selling 16,929 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.03% of American Conservative Values ETF worth $1,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC increased its holdings in American Conservative Values ETF by 42.8% in the 3rd quarter. AE Wealth Management LLC now owns 31,557 shares of the company’s stock valued at $1,556,000 after acquiring an additional 9,464 shares during the last quarter. Encompass More Asset Management grew its position in shares of American Conservative Values ETF by 22.3% during the third 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. Great Waters Wealth Management increased its holdings in shares of American Conservative Values ETF by 11.8% in the third quarter. Great Waters Wealth Management now owns 6,649 shares of the company’s stock worth $328,000 after purchasing an additional 702 shares during the last quarter. MML Investors Services LLC lifted its position in shares of American Conservative Values ETF by 0.9% in the second quarter. MML Investors Services LLC now owns 29,861 shares of the company’s stock worth $1,408,000 after buying an additional 258 shares in the last quarter. Finally, Verus Capital Partners LLC boosted its stake in American Conservative Values ETF by 45.0% during the second quarter. Verus Capital Partners LLC now owns 7,250 shares of the company’s stock valued at $342,000 after buying an additional 2,250 shares during the last quarter.

American Conservative Values ETF Price Performance

NYSEARCA:ACVF opened at $50.17 on Monday. American Conservative Values ETF has a 1 year low of $37.49 and a 1 year high of $50.61. The stock’s 50 day simple moving average is $50.00 and its two-hundred day simple moving average is $49.31. The company has a market cap of $139.47 million, a price-to-earnings 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 dividend of $0.0699 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%.

American Conservative Values ETF 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.