Kovitz Core Equity ETF (NYSEARCA:EQTY) Sets New 12-Month High – Should You Buy?

Kovitz Core Equity ETF (NYSEARCA:EQTY)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.00 and last traded at $28.99, with a volume of 6062 shares trading hands. The stock had previously closed at $28.71.

Kovitz Core Equity ETF Price Performance

The company’s 50-day moving average price is $27.93 and its two-hundred day moving average price is $27.34. The company has a market capitalization of $1.43 billion, a P/E ratio of 27.78 and a beta of 0.94.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Kovitz Core Equity ETF stock. Basepoint Wealth LLC purchased a new stake in Kovitz Core Equity ETF (NYSEARCA:EQTY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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.