Magnolia Capital Advisors LLC Takes $216,000 Position in EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU)

Magnolia Capital Advisors LLC purchased a new stake in EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,915 shares of the company’s stock, valued at approximately $216,000. Magnolia Capital Advisors LLC owned approximately 0.13% of EA Bridgeway Blue Chip ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in EA Bridgeway Blue Chip ETF by 87.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 282,777 shares of the company’s stock valued at $3,410,000 after buying an additional 132,139 shares during the period. Commonwealth Equity Services LLC boosted its stake in EA Bridgeway Blue Chip ETF by 4.9% during the second quarter. Commonwealth Equity Services LLC now owns 295,558 shares of the company’s stock valued at $3,564,000 after buying an additional 13,746 shares during the period. Envestnet Asset Management Inc. boosted its stake in EA Bridgeway Blue Chip ETF by 343.9% during the second quarter. Envestnet Asset Management Inc. now owns 489,156 shares of the company’s stock valued at $5,899,000 after buying an additional 378,965 shares during the period. Thoroughbred Financial Services LLC boosted its stake in EA Bridgeway Blue Chip ETF by 107.7% during the second quarter. Thoroughbred Financial Services LLC now owns 34,425 shares of the company’s stock valued at $415,000 after buying an additional 17,849 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in EA Bridgeway Blue Chip ETF during the first quarter valued at $217,000.

EA Bridgeway Blue Chip ETF Stock Performance

NYSEARCA:BBLU opened at $12.71 on Tuesday. The firm has a market capitalization of $175.40 million, a price-to-earnings ratio of 24.56 and a beta of 0.90. EA Bridgeway Blue Chip ETF has a 52-week low of $9.22 and a 52-week high of $12.73. The stock has a fifty day moving average of $12.21 and a 200 day moving average of $11.92.

EA Bridgeway Blue Chip ETF Profile

The Ea Bridgeway Blue Chip ETF (BBLU) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide total return through an actively managed portfolio of US large-cap stocks selected through a model-driven statistical approach with narrow ESG overlay. BBLU was launched on Jul 31, 1997 and is managed by Bridgeway.