Clough Select Equity ETF (NYSEARCA:CBSE) Stock Price Up 0.5% – Still a Buy?

Clough Select Equity ETF (NYSEARCA:CBSE)’s stock price rose 0.5% during mid-day trading on Friday . The company traded as high as $31.26 and last traded at $31.14. Approximately 546 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 5,118 shares. The stock had previously closed at $30.97.

Clough Select Equity ETF Price Performance

The company has a 50 day simple moving average of $29.89 and a 200-day simple moving average of $32.58. The stock has a market capitalization of $24.60 million, a P/E ratio of 22.00 and a beta of 1.11.

Institutional Investors Weigh In On Clough Select Equity ETF

Several institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its position in shares of Clough Select Equity ETF by 76.0% in the fourth quarter. Sanctuary Advisors LLC now owns 22,500 shares of the company’s stock valued at $790,000 after purchasing an additional 9,717 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Clough Select Equity ETF by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 183,385 shares of the company’s stock valued at $6,071,000 after buying an additional 24,593 shares in the last quarter. Finally, Waverly Advisors LLC increased its position in shares of Clough Select Equity ETF by 5.4% during the fourth quarter. Waverly Advisors LLC now owns 150,808 shares of the company’s stock valued at $4,992,000 after buying an additional 7,704 shares during the period.

About Clough Select Equity ETF

The Changebridge Capital Sustainable Equity ETF (CBSE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, concentrated portfolio of US-listed stocks that appear fundamentally undervalued and have positive environmental, social and governance attributes as viewed by the fund adviser.