Brandes U.S. Value ETF (BATS:BUSA) Trading 1.3% Higher – Should You Buy?

Brandes U.S. Value ETF (BATS:BUSA)’s stock price was up 1.3% during mid-day trading on Thursday . The stock traded as high as $38.98 and last traded at $38.97. Approximately 18,775 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 34,840 shares. The stock had previously closed at $38.48.

Brandes U.S. Value ETF Stock Down 0.7%

The firm’s 50-day moving average is $37.95 and its 200-day moving average is $37.05. The company has a market capitalization of $267.87 million, a PE ratio of 15.10 and a beta of 0.74.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BUSA. JPMorgan Chase & Co. purchased a new stake in Brandes U.S. Value ETF during the third quarter valued at about $35,000. Steph & Co. purchased a new stake in Brandes U.S. Value ETF during the fourth quarter valued at about $268,000. Finally, Harbor Investment Advisory LLC boosted its position in Brandes U.S. Value ETF by 1.1% during the third quarter. Harbor Investment Advisory LLC now owns 32,984 shares of the company’s stock valued at $1,150,000 after buying an additional 348 shares during the period.

About Brandes U.S. Value ETF

The Brandes U.S. Value ETF (BUSA) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in equity securities of companies whose business activities are predominantly in the US. The fund seeks securities that are perceived to be trading at a discount to their intrinsic value BUSA was launched on Oct 3, 2023 and is issued by Brandes.