American Conservative Values ETF (NYSEARCA:ACVF) Shares Down 0.2% – What’s Next?

American Conservative Values ETF (NYSEARCA:ACVF)’s stock price traded down 0.2% during mid-day trading on Friday . The company traded as low as $49.81 and last traded at $50.17. 4,043 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 6,034 shares. The stock had previously closed at $50.28.

American Conservative Values ETF Stock Performance

The stock has a 50 day moving average price of $50.00 and a 200 day moving average price of $49.30. The company has a market capitalization of $139.47 million, a P/E ratio of 25.85 and a beta of 0.96.

American Conservative Values ETF Cuts Dividend

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

Institutional Investors Weigh In On American Conservative Values ETF

Several large investors have recently modified their holdings of the stock. WorthPointe LLC purchased a new stake in American Conservative Values ETF in the 4th quarter worth about $4,736,000. Encompass More Asset Management increased its stake in shares of 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 in the last quarter. AE Wealth Management LLC increased its stake in shares of American Conservative Values ETF by 17.1% in the fourth quarter. AE Wealth Management LLC now owns 36,964 shares of the company’s stock worth $1,826,000 after purchasing an additional 5,407 shares in the last quarter. TopTier Wealth Management LLC bought a new stake in shares of American Conservative Values ETF in the fourth quarter valued at approximately $1,533,000. Finally, MML Investors Services LLC lifted its stake in shares of American Conservative Values ETF by 22.9% during the 4th quarter. MML Investors Services LLC now owns 30,741 shares of the company’s stock valued at $1,518,000 after buying an additional 5,727 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.