Kovitz Core Equity ETF (NYSEARCA:EQTY) Sets New 1-Year High – Time to Buy?

Kovitz Core Equity ETF (NYSEARCA:EQTY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.61 and last traded at $28.59, with a volume of 32483 shares changing hands. The stock had previously closed at $28.44.

Kovitz Core Equity ETF Stock Down 0.8%

The firm’s fifty day moving average price is $27.61 and its 200 day moving average price is $27.21. The stock has a market cap of $1.39 billion, a PE ratio of 27.78 and a beta of 0.94.

Institutional Trading of Kovitz Core Equity ETF

An institutional investor recently bought a new position in Kovitz Core Equity ETF stock. Basepoint Wealth LLC acquired a new stake in shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,542 shares of the company’s stock, valued at approximately $69,000.

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