Kovitz Core Equity ETF (NYSEARCA:EQTY) Sees Large Volume Increase – Time to Buy?

Kovitz Core Equity ETF (NYSEARCA:EQTY) saw an uptick in trading volume on Wednesday . 146,301 shares traded hands during mid-day trading, an increase of 347% from the previous session’s volume of 32,707 shares.The stock last traded at $27.49 and had previously closed at $27.37.

Kovitz Core Equity ETF Stock Up 0.7%

The company’s 50-day moving average price is $26.56 and its 200-day moving average price is $26.74. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 27.78 and a beta of 0.97.

Hedge Funds Weigh In On Kovitz Core Equity ETF

An institutional investor recently bought a new position in Kovitz Core Equity ETF stock. Basepoint Wealth LLC purchased a new position in shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,542 shares of the company’s stock, valued at approximately $69,000.

Kovitz Core Equity ETF Company Profile

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.