Clough Select Equity ETF (NYSEARCA:CBSE) Stock Price Down 0.5% – Here’s What Happened

Clough Select Equity ETF (NYSEARCA:CBSE)’s stock price was down 0.5% during mid-day trading on Friday . The company traded as low as $31.46 and last traded at $31.53. Approximately 1,937 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 4,489 shares. The stock had previously closed at $31.69.

Clough Select Equity ETF Price Performance

The company has a 50 day simple moving average of $33.90 and a 200-day simple moving average of $32.90. The stock has a market capitalization of $23.65 million, a P/E ratio of 18.48 and a beta of 1.09.

Hedge Funds Weigh In On Clough Select Equity ETF

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Clough Select Equity ETF by 15.5% in the fourth quarter. JPMorgan Chase & Co. now owns 183,385 shares of the company’s stock valued at $6,071,000 after purchasing an additional 24,593 shares in the last quarter. Waverly Advisors LLC lifted its holdings in Clough Select Equity ETF by 5.4% during the 4th quarter. Waverly Advisors LLC now owns 150,808 shares of the company’s stock worth $4,992,000 after purchasing an additional 7,704 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Clough Select Equity ETF by 76.0% in the 4th quarter. Sanctuary Advisors LLC now owns 22,500 shares of the company’s stock worth $790,000 after purchasing an additional 9,717 shares during the period.

About Clough Select Equity ETF

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.