Alpha Architect U.S. Quantitative Value ETF (NASDAQ:QVAL) Sets New 1-Year High – Here’s What Happened

Shares of Alpha Architect U.S. Quantitative Value ETF (NASDAQ:QVAL) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $61.59 and last traded at $61.59, with a volume of 2278 shares traded. The stock had previously closed at $60.66.

Alpha Architect U.S. Quantitative Value ETF Trading Down 0.5%

The stock has a 50-day simple moving average of $57.76 and a 200 day simple moving average of $54.98. The company has a market cap of $619.35 million, a price-to-earnings ratio of 11.60 and a beta of 0.97.

Alpha Architect U.S. Quantitative Value ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a $0.1856 dividend. The ex-dividend date was Monday, June 29th.

Hedge Funds Weigh In On Alpha Architect U.S. Quantitative Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of QVAL. JPMorgan Chase & Co. purchased a new position in Alpha Architect U.S. Quantitative Value ETF during the 3rd quarter worth approximately $97,000. Sankala Group LLC purchased a new stake in shares of Alpha Architect U.S. Quantitative Value ETF in the 4th quarter valued at $664,000. Baker Boyer National Bank increased its stake in shares of Alpha Architect U.S. Quantitative Value ETF by 1.0% in the fourth quarter. Baker Boyer National Bank now owns 25,331 shares of the company’s stock worth $1,236,000 after acquiring an additional 261 shares during the period. Finally, Stillwater Private Wealth LLC acquired a new stake in shares of Alpha Architect U.S. Quantitative Value ETF in the first quarter worth $5,291,000.

About Alpha Architect U.S. Quantitative Value ETF

The Alpha Architect US Quantitative Value ETF (QVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is an active, equal-weighted portfolio of US value stocks, screened for forensic accounting and earnings quality. QVAL was launched on Oct 22, 2014 and is issued by Alpha Architect.