American Conservative Values ETF (NYSEARCA:ACVF) Shares Down 1.3% – Time to Sell?

Shares of American Conservative Values ETF (NYSEARCA:ACVF) dropped 1.3% on Thursday . The stock traded as low as $48.74 and last traded at $48.76. Approximately 8,159 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 6,569 shares. The stock had previously closed at $49.38.

American Conservative Values ETF Stock Up 2.7%

The firm’s fifty day moving average price is $49.74 and its 200-day moving average price is $49.07. The stock has a market cap of $139.17 million, a P/E ratio of 25.85 and a beta of 0.96.

American Conservative Values ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a $0.0699 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of American Conservative Values ETF

A number of institutional investors have recently modified their holdings of the company. Brookstone Capital Management grew its position in shares of American Conservative Values ETF by 6.9% in the 2nd quarter. Brookstone Capital Management now owns 23,780 shares of the company’s stock worth $1,121,000 after buying an additional 1,538 shares during the last quarter. Verus Capital Partners LLC raised its holdings in shares of American Conservative Values ETF by 45.0% during the second quarter. Verus Capital Partners LLC now owns 7,250 shares of the company’s stock valued at $342,000 after acquiring an additional 2,250 shares in the last quarter. AE Wealth Management LLC lifted its stake in American Conservative Values ETF by 17.1% in the fourth quarter. AE Wealth Management LLC now owns 36,964 shares of the company’s stock worth $1,826,000 after acquiring an additional 5,407 shares during the period. WorthPointe LLC purchased a new stake in American Conservative Values ETF in the fourth quarter worth $4,736,000. Finally, Clear Creek Financial Management LLC boosted its holdings in American Conservative Values ETF by 4.5% in the fourth quarter. Clear Creek Financial Management LLC now owns 11,856 shares of the company’s stock valued at $586,000 after acquiring an additional 515 shares in the last quarter.

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.