Clough Select Equity ETF (NYSEARCA:CBSE) Trading 0.9% Higher – Still a Buy?

Clough Select Equity ETF (NYSEARCA:CBSE)’s stock price rose 0.9% during trading on Wednesday . The stock traded as high as $35.60 and last traded at $35.52. Approximately 2,815 shares traded hands during trading, a decline of 45% from the average daily volume of 5,114 shares. The stock had previously closed at $35.22.

Clough Select Equity ETF Price Performance

The stock has a market capitalization of $26.28 million, a P/E ratio of 23.87 and a beta of 1.14. The firm’s 50 day moving average price is $31.34 and its 200 day moving average price is $32.83.

Hedge Funds Weigh In On Clough Select Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of CBSE. Waverly Advisors LLC increased its position in shares of Clough Select Equity ETF by 5.4% during the fourth quarter. Waverly Advisors LLC now owns 150,808 shares of the company’s stock valued at $4,992,000 after buying an additional 7,704 shares during the period. JPMorgan Chase & Co. increased its position in shares of Clough Select Equity ETF by 15.5% during the fourth quarter. JPMorgan Chase & Co. now owns 183,385 shares of the company’s stock valued at $6,071,000 after buying an additional 24,593 shares during the period. Finally, Sanctuary Advisors LLC increased its position in shares of Clough Select Equity ETF by 76.0% during the fourth quarter. Sanctuary Advisors LLC now owns 22,500 shares of the company’s stock valued at $790,000 after buying an additional 9,717 shares during the period.

Clough Select Equity ETF Company Profile

The Changebridge Capital Sustainable Equity ETF (CBSE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, concentrated portfolio of US-listed stocks that appear fundamentally undervalued and have positive environmental, social and governance attributes as viewed by the fund adviser.