Clough Select Equity ETF (NYSEARCA:CBSE) Shares Down 0.5% – Here’s Why

Clough Select Equity ETF (NYSEARCA:CBSE)’s share price fell 0.5% during trading on Friday . The stock traded as low as $31.46 and last traded at $31.53. 1,937 shares were traded during trading, a decline of 57% from the average session volume of 4,489 shares. The stock had previously closed at $31.69.

Clough Select Equity ETF Stock Performance

The stock has a market cap of $23.65 million, a PE ratio of 18.48 and a beta of 1.09. The business has a 50 day moving average price of $33.90 and a two-hundred day moving average price of $32.90.

Institutional Investors Weigh In On Clough Select Equity ETF

A number of hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC grew its position in 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. Waverly Advisors LLC boosted its stake in Clough Select Equity ETF by 5.4% in the fourth quarter. Waverly Advisors LLC now owns 150,808 shares of the company’s stock valued at $4,992,000 after acquiring an additional 7,704 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Clough Select Equity ETF by 455.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,792 shares of the company’s stock valued at $4,944,000 after acquiring an additional 130,205 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.