American Conservative Values ETF (NYSEARCA:ACVF) Stock Jumps 0.1% After Dividend Announcement

Shares of American Conservative Values ETF (NYSEARCA:ACVF) were up 0.1% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $55.23 and last traded at $55.23. 4,022 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 6,251 shares. The stock had previously closed at $55.18.

The newly announced dividend which will be paid on Thursday, September 24th. Stockholders of record on Wednesday, September 23rd will be issued a $0.0557 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a negative change from American Conservative Values ETF’s previous quarterly dividend of $0.0673. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%.

American Conservative Values ETF Price Performance

The stock has a market capitalization of $153.16 million, a PE ratio of 25.85 and a beta of 0.95. The business’s fifty day moving average price is $54.95 and its 200-day moving average price is $52.84.

Institutional Trading of American Conservative Values ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brookstone Capital Management grew its position in shares of American Conservative Values ETF by 5.8% during the 1st quarter. Brookstone Capital Management now owns 25,927 shares of the company’s stock valued at $1,234,000 after purchasing an additional 1,413 shares in the last quarter. Fairman Group LLC raised its position in shares of American Conservative Values ETF by 130.1% in the first quarter. Fairman Group LLC now owns 11,452 shares of the company’s stock worth $545,000 after buying an additional 6,476 shares in the last quarter. Ascentis Independent Advisors raised its position in shares of American Conservative Values ETF by 4.2% in the first quarter. Ascentis Independent Advisors now owns 6,588 shares of the company’s stock worth $314,000 after buying an additional 264 shares in the last quarter. D.A. Davidson & CO. boosted its stake in American Conservative Values ETF by 3.7% during the first quarter. D.A. Davidson & CO. now owns 6,142 shares of the company’s stock valued at $292,000 after buying an additional 220 shares during the period. Finally, HB Wealth Management LLC bought a new stake in American Conservative Values ETF during the second quarter valued at $281,000.

American Conservative Values ETF Company Profile

The American Conservative Values ETF (ACVF) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies that are perceived to align with political conservative values. ACVF was launched on Oct 29, 2020 and is managed by ACV.