Kovitz Core Equity ETF (NYSEARCA:EQTY) Reaches New 52-Week High – Should You Buy?

Kovitz Core Equity ETF (NYSEARCA:EQTY) shares reached a new 52-week high on Tuesday . The stock traded as high as $28.61 and last traded at $28.59, with a volume of 32483 shares traded. The stock had previously closed at $28.44.

Kovitz Core Equity ETF Trading Up 0.5%

The company has a fifty day moving average of $27.57 and a 200-day moving average of $27.19. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 27.78 and a beta of 0.94.

Institutional Trading of Kovitz Core Equity ETF

An institutional investor recently bought a new position in Kovitz Core Equity ETF stock. Basepoint Wealth LLC acquired a new stake in Kovitz Core Equity ETF (NYSEARCA:EQTY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,542 shares of the company’s stock, valued at approximately $69,000.

About Kovitz Core Equity ETF

The Kovitz Core Equity ETF (EQTY) is an exchange-traded fund that mostly invests in total market equity. The fund is a narrow, core equity portfolio of companies believed by the adviser to be high quality and undervalued. The actively managed fund invests in large- and mid-cap companies around the globe. EQTY was launched on Dec 28, 2011 and is managed by Kovitz.