Brandes U.S. Value ETF (BATS:BUSA) Shares Down 0.4% – Here’s Why

Shares of Brandes U.S. Value ETF (BATS:BUSA) traded down 0.4% on Thursday . The company traded as low as $38.68 and last traded at $38.87. 24,985 shares changed hands during trading, a decline of 16% from the average session volume of 29,584 shares. The stock had previously closed at $39.01.

Brandes U.S. Value ETF Trading Down 0.4%

The firm’s 50 day moving average price is $37.83 and its 200-day moving average price is $35.83. The company has a market cap of $268.98 million, a P/E ratio of 15.10 and a beta of 0.74.

Institutional Trading of Brandes U.S. Value ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its holdings in shares of Brandes U.S. Value ETF by 1.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 32,984 shares of the company’s stock valued at $1,150,000 after acquiring an additional 348 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Brandes U.S. Value ETF during the third quarter valued at $35,000. Finally, Steph & Co. bought a new position in shares of Brandes U.S. Value ETF during the fourth quarter valued at $268,000.

About Brandes U.S. Value ETF

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.