Alpha Architect U.S. Quantitative Value ETF $QVAL Shares Sold by Menlo Advisors LLC

Menlo Advisors LLC trimmed its position in Alpha Architect U.S. Quantitative Value ETF (NASDAQ:QVAL) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,740 shares of the company’s stock after selling 2,615 shares during the period. Alpha Architect U.S. Quantitative Value ETF makes up approximately 5.9% of Menlo Advisors LLC’s holdings, making the stock its 7th biggest holding. Menlo Advisors LLC’s holdings in Alpha Architect U.S. Quantitative Value ETF were worth $10,947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leavell Investment Management Inc. acquired a new position in Alpha Architect U.S. Quantitative Value ETF during the first quarter valued at approximately $215,000. Baker Boyer National Bank raised its holdings in Alpha Architect U.S. Quantitative Value ETF by 3.5% in the second quarter. Baker Boyer National Bank now owns 24,171 shares of the company’s stock worth $1,064,000 after purchasing an additional 812 shares during the period. Finally, Ethos Financial Group LLC boosted its position in shares of Alpha Architect U.S. Quantitative Value ETF by 20.8% during the second quarter. Ethos Financial Group LLC now owns 245,697 shares of the company’s stock worth $10,813,000 after purchasing an additional 42,305 shares in the last quarter.

Alpha Architect U.S. Quantitative Value ETF Stock Up 0.8%

Shares of QVAL stock opened at $46.48 on Friday. Alpha Architect U.S. Quantitative Value ETF has a 12-month low of $36.77 and a 12-month high of $47.88. The firm has a fifty day moving average of $46.33 and a 200-day moving average of $44.62. The firm has a market capitalization of $409.95 million, a price-to-earnings ratio of 11.60 and a beta of 1.08.

Alpha Architect U.S. Quantitative Value ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 12th were paid a $0.1919 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, September 12th.

Alpha Architect U.S. Quantitative Value ETF Company Profile

The Alpha Architect US Quantitative Value ETF (QVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is an active, equal-weighted portfolio of US value stocks, screened for forensic accounting and earnings quality. QVAL was launched on Oct 22, 2014 and is issued by Alpha Architect.