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

Shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) saw unusually-high trading volume on Wednesday . Approximately 48,109 shares traded hands during 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 Stock Down 0.7 %

The stock’s fifty day moving average price is $24.40 and its 200-day moving average price is $23.50. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 26.36 and a beta of 1.00.

Institutional Investors Weigh In On Kovitz Core Equity ETF

An institutional investor recently bought a new position in Kovitz Core Equity ETF stock. Bank of New York Mellon Corp bought a new stake in Kovitz Core Equity ETF (NYSEARCA:EQTY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 filing with the Securities and Exchange Commission.

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.