American Conservative Values ETF (NYSEARCA:ACVF) Stock Price Up 0.1% After Dividend Announcement

Shares of American Conservative Values ETF (NYSEARCA:ACVF) were up 0.1% on Tuesday after the company announced a dividend. The company traded as high as $55.23 and last traded at $55.23. Approximately 4,022 shares traded hands during trading, a decline of 36% from the average session volume of 6,251 shares. The stock had previously closed at $55.18.

The newly announced dividend which will be paid on Thursday, September 24th. Shareholders of record on Wednesday, September 23rd will be issued a $0.0557 dividend. The ex-dividend date is Wednesday, September 23rd. This is a negative change from American Conservative Values ETF’s previous quarterly dividend of $0.0673. This represents a $0.22 annualized dividend and a dividend yield of 0.4%.

American Conservative Values ETF Stock Performance

The stock has a market cap of $153.16 million, a price-to-earnings ratio of 25.85 and a beta of 0.95. The business’s 50 day moving average is $54.95 and its 200 day moving average is $52.84.

Institutional Trading of American Conservative Values ETF

A number of institutional investors have recently bought and sold shares of ACVF. Brookstone Capital Management raised its holdings in shares of American Conservative Values ETF by 5.8% during the 1st quarter. Brookstone Capital Management now owns 25,927 shares of the company’s stock valued at $1,234,000 after purchasing an additional 1,413 shares in the last quarter. Fairman Group LLC increased its position in American Conservative Values ETF by 130.1% during the first quarter. Fairman Group LLC now owns 11,452 shares of the company’s stock worth $545,000 after buying an additional 6,476 shares during the last quarter. Ascentis Independent Advisors increased its position in American Conservative Values ETF by 4.2% during the first quarter. Ascentis Independent Advisors now owns 6,588 shares of the company’s stock worth $314,000 after buying an additional 264 shares during the last quarter. D.A. Davidson & CO. increased its position in American Conservative Values ETF by 3.7% during the first quarter. D.A. Davidson & CO. now owns 6,142 shares of the company’s stock worth $292,000 after buying an additional 220 shares during the last quarter. Finally, HB Wealth Management LLC bought a new position in American Conservative Values ETF during the second quarter valued at about $281,000.

About American Conservative Values ETF

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.