Brandes U.S. Value ETF (BATS:BUSA) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Brandes U.S. Value ETF (BATS:BUSA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.09 and traded as high as $34.01. Brandes U.S. Value ETF shares last traded at $33.92, with a volume of 45,447 shares trading hands.

Brandes U.S. Value ETF Price Performance

The stock has a market cap of $132.33 million, a price-to-earnings ratio of 15.71 and a beta of 0.74. The company’s fifty day simple moving average is $32.28 and its two-hundred day simple moving average is $31.09.

Institutional Investors Weigh In On Brandes U.S. Value ETF

A hedge fund recently bought a new stake in Brandes U.S. Value ETF stock. Harbor Investment Advisory LLC purchased a new stake in Brandes U.S. Value ETF (BATS:BUSA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,976 shares of the company’s stock, valued at approximately $921,000. Harbor Investment Advisory LLC owned about 0.74% of Brandes U.S. Value ETF 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.