Kovitz Core Equity ETF (NYSEARCA:EQTY) Reaches New 12-Month High – Still a Buy?

Kovitz Core Equity ETF (NYSEARCA:EQTY) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $30.06 and last traded at $30.06, with a volume of 5512 shares. The stock had previously closed at $29.92.

Kovitz Core Equity ETF Trading Up 0.3%

The stock’s fifty day moving average price is $28.92 and its 200 day moving average price is $27.65. The stock has a market cap of $1.47 billion, a P/E ratio of 27.78 and a beta of 0.93.

Institutional Trading of Kovitz Core Equity ETF

A hedge fund recently bought a new position in Kovitz Core Equity ETF stock. C M Bidwell & Associates Ltd. bought a new position in Kovitz Core Equity ETF (NYSEARCA:EQTY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,497 shares of the company’s stock, valued at approximately $264,000.

About Kovitz Core Equity ETF

The Kovitz Core Equity ETF (EQTY) is an exchange-traded fund that mostly invests in total market equity. The fund is a narrow, core equity portfolio of companies believed by the adviser to be high quality and undervalued. The actively managed fund invests in large- and mid-cap companies around the globe. EQTY was launched on Dec 28, 2011 and is managed by Kovitz.