Columbia Research Enhanced Value ETF (NYSEARCA:REVS) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its holdings in shares of Columbia Research Enhanced Value ETF (NYSEARCA:REVS) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,896 shares of the company’s stock after selling 10,992 shares during the quarter. NewEdge Advisors LLC owned about 5.88% of Columbia Research Enhanced Value ETF worth $2,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new position in Columbia Research Enhanced Value ETF during the fourth quarter worth $204,000. Raymond James Financial Inc. acquired a new position in Columbia Research Enhanced Value ETF during the 4th quarter worth about $954,000. Ruggaard & Associates LLC lifted its stake in Columbia Research Enhanced Value ETF by 7.7% during the 4th quarter. Ruggaard & Associates LLC now owns 49,908 shares of the company’s stock worth $1,234,000 after acquiring an additional 3,585 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co boosted its holdings in Columbia Research Enhanced Value ETF by 2.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 28,472 shares of the company’s stock valued at $723,000 after acquiring an additional 700 shares during the period.

Columbia Research Enhanced Value ETF Price Performance

Shares of NYSEARCA:REVS opened at $23.17 on Tuesday. The firm’s 50-day moving average is $24.69 and its two-hundred day moving average is $25.38. Columbia Research Enhanced Value ETF has a 1 year low of $21.79 and a 1 year high of $27.03. The firm has a market capitalization of $65.57 million, a PE ratio of 16.20 and a beta of 0.83.

Columbia Research Enhanced Value ETF Profile

The Columbia Research Enhanced Value ETF (REVS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US stocks pulled from the Russell 1000 Value Index. REVS index uses multifactor selection and market cap weighting. REVS was launched on Sep 25, 2019 and is managed by Columbia.