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

Kovitz Core Equity ETF (NYSEARCA:EQTY) saw an uptick in trading volume on Wednesday . 146,301 shares changed 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 Price Performance

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

Institutional Trading of Kovitz Core Equity ETF

A hedge fund recently bought a new stake in Kovitz Core Equity ETF stock. Basepoint Wealth LLC bought a new stake in Kovitz Core Equity ETF (NYSEARCA:EQTY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,542 shares of the company’s stock, valued at approximately $69,000.

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.