Meridian Wealth Management LLC Has $12.96 Million Stock Position in Global X Adaptive U.S. Factor ETF $AUSF

Meridian Wealth Management LLC raised its stake in Global X Adaptive U.S. Factor ETF (NYSEARCA:AUSF) by 153.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 278,581 shares of the company’s stock after buying an additional 168,795 shares during the quarter. Meridian Wealth Management LLC owned about 1.73% of Global X Adaptive U.S. Factor ETF worth $12,957,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AUSF. Janney Montgomery Scott LLC lifted its position in Global X Adaptive U.S. Factor ETF by 19.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 21,764 shares of the company’s stock valued at $973,000 after acquiring an additional 3,474 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Global X Adaptive U.S. Factor ETF in the 2nd quarter valued at about $121,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Global X Adaptive U.S. Factor ETF in the 2nd quarter valued at about $236,000. IFP Advisors Inc bought a new stake in shares of Global X Adaptive U.S. Factor ETF in the second quarter valued at about $70,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Global X Adaptive U.S. Factor ETF during the second quarter worth about $1,791,000.

Global X Adaptive U.S. Factor ETF Stock Performance

NYSEARCA:AUSF opened at $48.53 on Friday. The stock has a 50-day simple moving average of $47.01 and a 200 day simple moving average of $46.07. Global X Adaptive U.S. Factor ETF has a 52-week low of $38.55 and a 52-week high of $48.57. The company has a market cap of $792.98 million, a PE ratio of 13.73 and a beta of 0.76.

Global X Adaptive U.S. Factor ETF Profile

The Global X Adaptive U.S. Factor ETF (AUSF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US large- and mid-cap stocks with exposure to value, momentum, and\u002For low volatility factors. Factor exposure is determined by the recent performance of each factor. AUSF was launched on Aug 24, 2018 and is managed by Global X.