American Conservative Values ETF (NYSEARCA:ACVF) Trading Down 1.3% – What’s Next?

Shares of American Conservative Values ETF (NYSEARCA:ACVF) fell 1.3% during mid-day trading on Thursday . The company traded as low as $48.74 and last traded at $48.76. 8,159 shares were traded during trading, an increase of 24% from the average session volume of 6,569 shares. The stock had previously closed at $49.38.

American Conservative Values ETF Trading Down 1.3%

The company has a 50-day moving average price of $49.72 and a two-hundred day moving average price of $49.05. The stock has a market cap of $135.55 million, a P/E ratio of 25.85 and a beta of 0.96.

American Conservative Values ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a $0.0699 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%.

Hedge Funds Weigh In On American Conservative Values ETF

A number of institutional investors have recently modified their holdings of ACVF. Brookstone Capital Management grew its position in shares of American Conservative Values ETF by 6.9% during the 2nd quarter. Brookstone Capital Management now owns 23,780 shares of the company’s stock worth $1,121,000 after buying an additional 1,538 shares in the last quarter. Verus Capital Partners LLC grew its holdings in American Conservative Values ETF by 45.0% during the 2nd quarter. Verus Capital Partners LLC now owns 7,250 shares of the company’s stock worth $342,000 after acquiring an additional 2,250 shares in the last quarter. MML Investors Services LLC increased its position in American Conservative Values ETF by 0.9% during the 2nd quarter. MML Investors Services LLC now owns 29,861 shares of the company’s stock valued at $1,408,000 after purchasing an additional 258 shares during the period. Great Waters Wealth Management increased its position in American Conservative Values ETF by 11.8% during the 3rd quarter. Great Waters Wealth Management now owns 6,649 shares of the company’s stock valued at $328,000 after purchasing an additional 702 shares during the period. Finally, Encompass More Asset Management raised its holdings in shares of American Conservative Values ETF by 22.3% in the 3rd 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.

American Conservative Values ETF Company 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.