Essential 40 Stock ETF (NASDAQ:ESN) Stock Price Up 0.9% – Still a Buy?

Essential 40 Stock ETF (NASDAQ:ESN)’s stock price shot up 0.9% during mid-day trading on Tuesday . The stock traded as high as $19.93 and last traded at $19.92. Approximately 60,963 shares were traded during mid-day trading, a decline of 2% from the average session volume of 62,140 shares. The stock had previously closed at $19.75.

Essential 40 Stock ETF Price Performance

The stock has a market cap of $301.99 million, a P/E ratio of 19.18 and a beta of 0.71. The business’s 50 day simple moving average is $19.67 and its 200 day simple moving average is $18.62.

Hedge Funds Weigh In On Essential 40 Stock ETF

A hedge fund recently bought a new stake in Essential 40 Stock ETF stock. Janney Montgomery Scott LLC bought a new position in shares of Essential 40 Stock ETF (NASDAQ:ESN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 37,643 shares of the company’s stock, valued at approximately $646,000. Janney Montgomery Scott LLC owned 0.32% of Essential 40 Stock ETF at the end of the most recent reporting period.

About Essential 40 Stock ETF

The Essential 40 Stock ETF (ESN) is an exchange-traded fund that is based on the Essential 40 Stock index. The fund attempts to track an index of 40 US blue-chip stocks that are deemed essential to the US economy by the index provider. Holdings are equally weighted in the index ESN was launched on Jun 11, 2014 and is issued by KKM Financial.