Beacon Pointe Advisors LLC Has $4.90 Million Holdings in Morgan Dempsey Large Cap Value ETF (NYSEARCA:MDLV)

Beacon Pointe Advisors LLC increased its position in shares of Morgan Dempsey Large Cap Value ETF (NYSEARCA:MDLV) by 27.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 189,575 shares of the company’s stock after buying an additional 40,687 shares during the period. Beacon Pointe Advisors LLC owned 0.47% of Morgan Dempsey Large Cap Value ETF worth $4,895,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Envestnet Asset Management Inc. increased its holdings in Morgan Dempsey Large Cap Value ETF by 51.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 341,875 shares of the company’s stock valued at $8,827,000 after buying an additional 116,519 shares during the period.

Morgan Dempsey Large Cap Value ETF Stock Performance

Shares of MDLV stock opened at $26.14 on Wednesday. The firm has a fifty day moving average of $26.53 and a 200-day moving average of $26.64. Morgan Dempsey Large Cap Value ETF has a 52-week low of $23.95 and a 52-week high of $27.83. The stock has a market cap of $21.96 million, a price-to-earnings ratio of 16.89 and a beta of 0.54.

About Morgan Dempsey Large Cap Value ETF

The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.