Kovitz Core Equity ETF (NYSEARCA:EQTY) Reaches New 52-Week High – Here’s Why

Kovitz Core Equity ETF (NYSEARCA:EQTY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $29.00 and last traded at $28.99, with a volume of 6062 shares changing hands. The stock had previously closed at $28.71.

Kovitz Core Equity ETF Stock Performance

The stock’s 50-day simple moving average is $28.00 and its 200-day simple moving average is $27.35. The firm has a market capitalization of $1.42 billion, a PE ratio of 27.78 and a beta of 0.94.

Hedge Funds Weigh In On Kovitz Core Equity ETF

A hedge fund recently bought a new position in Kovitz Core Equity ETF stock. Basepoint Wealth LLC purchased a new position in Kovitz Core Equity ETF (NYSEARCA:EQTY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.