Kovitz Core Equity ETF (NYSEARCA:EQTY) Sees Large Volume Increase – What’s Next?

Shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) saw strong trading volume on Wednesday . 48,109 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 52,748 shares.The stock last traded at $24.74 and had previously closed at $25.05.

Kovitz Core Equity ETF Price Performance

The company has a market capitalization of $1.22 billion, a P/E ratio of 26.36 and a beta of 1.00. The company’s 50-day moving average price is $24.40 and its two-hundred day moving average price is $23.50.

Hedge Funds Weigh In On Kovitz Core Equity ETF

A hedge fund recently bought a new stake in Kovitz Core Equity ETF stock. Bank of New York Mellon Corp purchased a new stake in Kovitz Core Equity ETF (NYSEARCA:EQTY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 0.20% of Kovitz Core Equity ETF at the end of the most recent quarter.

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.