Barron’s 400 ETF (NYSEARCA:BFOR) Trading 0.7% Higher – Time to Buy?

Barron’s 400 ETF (NYSEARCA:BFOR)’s share price was up 0.7% during mid-day trading on Wednesday . The stock traded as high as $87.17 and last traded at $87.05. Approximately 4,190 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 8,231 shares. The stock had previously closed at $86.48.

Barron’s 400 ETF Trading Up 0.7%

The company has a fifty day moving average price of $86.13 and a two-hundred day moving average price of $82.77. The firm has a market cap of $204.57 million, a P/E ratio of 16.61 and a beta of 1.06.

Hedge Funds Weigh In On Barron’s 400 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFOR. NewEdge Advisors LLC increased its holdings in Barron’s 400 ETF by 56.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,175 shares of the company’s stock worth $82,000 after purchasing an additional 425 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of Barron’s 400 ETF during the fourth quarter worth about $99,000. Raymond James Financial Inc. bought a new position in shares of Barron’s 400 ETF during the second quarter worth about $158,000. Spire Wealth Management bought a new position in shares of Barron’s 400 ETF during the third quarter worth about $179,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Barron’s 400 ETF in the 3rd quarter valued at approximately $260,000.

Barron’s 400 ETF Company Profile

The Barron’s 400 ETF (BFOR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equally weighted index comprising 400 US companies selected on fundamental parameters. BFOR was launched on Jun 4, 2013 and is managed by ALPS.