Brandes U.S. Value ETF (BATS:BUSA) Shares Down 0.4% – What’s Next?

Shares of Brandes U.S. Value ETF (BATS:BUSA) dropped 0.4% on Friday . The company traded as low as $36.88 and last traded at $36.89. Approximately 37,378 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 42,271 shares. The stock had previously closed at $37.02.

Brandes U.S. Value ETF Price Performance

The firm has a market capitalization of $255.28 million, a P/E ratio of 15.10 and a beta of 0.74. The firm has a 50-day moving average price of $38.33 and a two-hundred day moving average price of $36.34.

Institutional Investors Weigh In On Brandes U.S. Value ETF

Several large investors have recently added to or reduced their stakes in BUSA. Harbor Investment Advisory LLC grew its stake in Brandes U.S. Value ETF by 1.1% in the 3rd quarter. Harbor Investment Advisory LLC now owns 32,984 shares of the company’s stock worth $1,150,000 after acquiring an additional 348 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Brandes U.S. Value ETF during the third quarter valued at approximately $35,000. Finally, Steph & Co. purchased a new stake in shares of Brandes U.S. Value ETF in the fourth quarter valued at approximately $268,000.

Brandes U.S. Value ETF Company Profile

The Brandes U.S. Value ETF (BUSA) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in equity securities of companies whose business activities are predominantly in the US. The fund seeks securities that are perceived to be trading at a discount to their intrinsic value BUSA was launched on Oct 3, 2023 and is issued by Brandes.