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

Clough Select Equity ETF (NYSEARCA:CBSE) shares were down 0.5% on Friday . The stock 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 firm’s 50-day moving average is $33.90 and its two-hundred day moving average is $32.92. The company has a market cap of $23.65 million, a P/E ratio of 18.48 and a beta of 1.09.

Institutional Investors Weigh In On Clough Select Equity ETF

Large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC increased its position in Clough Select Equity ETF by 76.0% in the fourth 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 last quarter. Waverly Advisors LLC increased its position 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 worth $4,992,000 after purchasing an additional 7,704 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Clough Select Equity ETF by 455.5% in the third quarter. JPMorgan Chase & Co. now owns 158,792 shares of the company’s stock worth $4,944,000 after purchasing an additional 130,205 shares during the last quarter.

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.