Brandes U.S. Value ETF (BATS:BUSA) Trading Down 0.9% – Time to Sell?

Brandes U.S. Value ETF (BATS:BUSA)’s stock price fell 0.9% during trading on Friday . The stock traded as low as $29.43 and last traded at $30.42. 103,565 shares were traded during trading, an increase of 213% from the average session volume of 33,138 shares. The stock had previously closed at $30.71.

Brandes U.S. Value ETF Price Performance

The company has a 50 day moving average of $32.15 and a 200-day moving average of $32.42. The company has a market capitalization of $206.24 million, a P/E ratio of 15.10 and a beta of 0.74.

Hedge Funds Weigh In On Brandes U.S. Value ETF

A hedge fund recently raised its stake in Brandes U.S. Value ETF stock. Harbor Investment Advisory LLC grew its stake in Brandes U.S. Value ETF (BATS:BUSA) by 9.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,845 shares of the company’s stock after purchasing an additional 2,857 shares during the quarter. Harbor Investment Advisory LLC owned about 0.48% of Brandes U.S. Value ETF worth $1,045,000 at the end of the most recent quarter.

Brandes U.S. Value ETF Company Profile

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.