Clough Select Equity ETF (NYSEARCA:CBSE) Stock Price Up 1% – Time to Buy?

Clough Select Equity ETF (NYSEARCA:CBSE) traded up 1% during mid-day trading on Thursday . The stock traded as high as $34.11 and last traded at $34.06. 15,549 shares changed hands during mid-day trading, an increase of 312% from the average session volume of 3,773 shares. The stock had previously closed at $33.72.

Clough Select Equity ETF Stock Performance

The firm has a market cap of $16.80 million, a P/E ratio of 17.44 and a beta of 1.11. The stock’s 50 day simple moving average is $33.29 and its 200 day simple moving average is $31.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in Clough Select Equity ETF by 455.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,792 shares of the company’s stock worth $4,944,000 after buying an additional 130,205 shares during the period. Jaffetilchin Investment Partners LLC purchased a new stake in Clough Select Equity ETF in the second quarter worth $732,000. Finally, Sanctuary Advisors LLC bought a new stake in Clough Select Equity ETF in the second quarter valued at $535,000.

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.