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

Shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) saw strong trading volume on Wednesday . 146,301 shares were traded during mid-day trading, an increase of 347% from the previous session’s volume of 32,707 shares.The stock last traded at $27.49 and had previously closed at $27.37.

Kovitz Core Equity ETF Price Performance

The stock has a market capitalization of $1.32 billion, a P/E ratio of 27.78 and a beta of 0.97. The stock’s 50-day simple moving average is $26.58 and its 200 day simple moving average is $26.77.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Kovitz Core Equity ETF stock. Basepoint Wealth LLC bought a new stake in Kovitz Core Equity ETF (NYSEARCA:EQTY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,542 shares of the company’s stock, valued at approximately $69,000.

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. EQTY was launched on Dec 28, 2011 and is managed by Kovitz.