Empirical Finance LLC Makes New $1.28 Million Investment in Morgan Dempsey Large Cap Value ETF $MDLV

Empirical Finance LLC bought a new stake in Morgan Dempsey Large Cap Value ETF (BATS:MDLV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,836 shares of the company’s stock, valued at approximately $1,285,000.

A number of other institutional investors have also recently made changes to their positions in MDLV. Nwam LLC bought a new position in shares of Morgan Dempsey Large Cap Value ETF during the 2nd quarter worth $4,338,000. Ameritas Advisory Services LLC bought a new stake in Morgan Dempsey Large Cap Value ETF in the 2nd quarter valued at about $565,000. Beacon Pointe Advisors LLC raised its stake in Morgan Dempsey Large Cap Value ETF by 4.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 377,970 shares of the company’s stock valued at $10,722,000 after acquiring an additional 17,319 shares during the period. Atticus Wealth Management LLC purchased a new stake in Morgan Dempsey Large Cap Value ETF during the second quarter valued at about $423,000. Finally, OLD Mission Capital LLC purchased a new stake in Morgan Dempsey Large Cap Value ETF during the fourth quarter valued at about $228,000.

Morgan Dempsey Large Cap Value ETF Stock Down 0.4%

Shares of BATS:MDLV opened at $31.63 on Thursday. The firm has a market capitalization of $30.68 million, a PE ratio of 16.21 and a beta of 0.53. The company has a 50-day moving average price of $31.61 and a two-hundred day moving average price of $30.99. Morgan Dempsey Large Cap Value ETF has a twelve month low of $27.37 and a twelve month high of $32.17.

Morgan Dempsey Large Cap Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were paid a dividend of $0.1778 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, June 29th.

About Morgan Dempsey Large Cap Value ETF

The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.