American Conservative Values ETF (NYSEARCA:ACVF) Trading Down 1.2% – Here’s What Happened

American Conservative Values ETF (NYSEARCA:ACVF) traded down 1.2% during trading on Tuesday . The company traded as low as $54.86 and last traded at $54.91. 3,138 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 6,330 shares. The stock had previously closed at $55.59.

American Conservative Values ETF Stock Performance

The firm has a market capitalization of $155.40 million, a P/E ratio of 25.85 and a beta of 0.95. The firm has a 50 day simple moving average of $54.66 and a two-hundred day simple moving average of $52.30.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. MML Investors Services LLC grew its position in American Conservative Values ETF by 0.9% in the 2nd quarter. MML Investors Services LLC now owns 29,861 shares of the company’s stock worth $1,408,000 after purchasing an additional 258 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of American Conservative Values ETF by 5.9% in the 3rd quarter. Private Advisor Group LLC now owns 7,889 shares of the company’s stock worth $389,000 after buying an additional 440 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of American Conservative Values ETF in the third quarter valued at approximately $94,000. Encompass More Asset Management boosted its position in American Conservative Values ETF by 57.3% in the fourth quarter. Encompass More Asset Management now owns 40,865 shares of the company’s stock worth $2,018,000 after purchasing an additional 14,886 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of American Conservative Values ETF by 3,562.6% in the 4th quarter. Harbour Investments Inc. now owns 4,798 shares of the company’s stock worth $237,000 after purchasing an additional 4,667 shares during the period.

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.