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

Kovitz Core Equity ETF (NYSEARCA:EQTY) shares saw strong trading volume on Wednesday . 46,656 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 54,203 shares.The stock last traded at $23.20 and had previously closed at $23.32.

Kovitz Core Equity ETF Stock Performance

The stock has a fifty day simple moving average of $24.42 and a 200-day simple moving average of $23.86. The stock has a market cap of $4.45 billion, a P/E ratio of 26.77 and a beta of 0.64.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kovitz Core Equity ETF stock. Bank of New York Mellon Corp purchased a new position in shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 99,744 shares of the company’s stock, valued at approximately $2,370,000. Bank of New York Mellon Corp owned about 0.20% of Kovitz Core Equity ETF as of its most recent SEC filing.

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.