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

Kovitz Core Equity ETF (NYSEARCA:EQTY) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $30.06 and last traded at $30.06, with a volume of 5512 shares changing hands. The stock had previously closed at $29.92.

Kovitz Core Equity ETF Stock Performance

The company has a market cap of $1.48 billion, a price-to-earnings ratio of 27.78 and a beta of 0.93. The business has a fifty day moving average price of $28.88 and a 200 day moving average price of $27.63.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kovitz Core Equity ETF stock. C M Bidwell & Associates Ltd. bought a new position in shares of Kovitz Core Equity ETF (NYSEARCA:EQTY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,497 shares of the company’s stock, valued at approximately $264,000.

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