Barron’s 400 ETF (NYSEARCA:BFOR) Shares Up 1.9% – Here’s What Happened

Shares of Barron’s 400 ETF (NYSEARCA:BFOR) shot up 1.9% during mid-day trading on Wednesday . The stock traded as high as $87.16 and last traded at $86.82. 14,942 shares traded hands during trading, an increase of 112% from the average session volume of 7,042 shares. The stock had previously closed at $85.20.

Barron’s 400 ETF Stock Up 1.9%

The company has a market cap of $199.69 million, a price-to-earnings ratio of 16.61 and a beta of 1.06. The company has a fifty day simple moving average of $82.94 and a two-hundred day simple moving average of $80.95.

Hedge Funds Weigh In On Barron’s 400 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFOR. NewEdge Advisors LLC lifted its holdings in shares of Barron’s 400 ETF by 56.7% in the first quarter. NewEdge Advisors LLC now owns 1,175 shares of the company’s stock valued at $82,000 after purchasing an additional 425 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Barron’s 400 ETF during the 2nd quarter worth approximately $158,000. Spire Wealth Management acquired a new position in shares of Barron’s 400 ETF during the 3rd quarter worth approximately $179,000. Envestnet Asset Management Inc. purchased a new stake in Barron’s 400 ETF in the 3rd quarter valued at approximately $260,000. Finally, Susquehanna International Group LLP grew its holdings in Barron’s 400 ETF by 64.4% during the 3rd quarter. Susquehanna International Group LLP now owns 6,689 shares of the company’s stock valued at $543,000 after buying an additional 2,620 shares during the last quarter.

About Barron’s 400 ETF

The Barron’s 400 ETF (BFOR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equally weighted index comprising 400 US companies selected on fundamental parameters. BFOR was launched on Jun 4, 2013 and is managed by ALPS.