Archford Capital Strategies LLC Has $1.08 Million Stake in Convergence Long/Short Equity ETF (BATS:CLSE)

Archford Capital Strategies LLC lifted its holdings in shares of Convergence Long/Short Equity ETF (BATS:CLSE) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,219 shares of the company’s stock after buying an additional 2,877 shares during the quarter. Archford Capital Strategies LLC owned about 1.15% of Convergence Long/Short Equity ETF worth $1,082,000 at the end of the most recent quarter.

Separately, Janney Montgomery Scott LLC acquired a new position in Convergence Long/Short Equity ETF during the fourth quarter valued at approximately $4,547,000.

Convergence Long/Short Equity ETF Stock Performance

Shares of BATS CLSE opened at $23.97 on Friday. The firm has a market capitalization of $98.77 million, a PE ratio of 16.00 and a beta of 0.67. The firm’s 50-day moving average price is $23.46 and its 200 day moving average price is $22.45.

Convergence Long/Short Equity ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 16th were issued a dividend of $0.212 per share. The ex-dividend date of this dividend was Monday, December 16th.

About Convergence Long/Short Equity ETF

The Convergence Long\u002FShort Equity ETF (CLSE) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund establishes both long and short positions in US stocks. The actively managed fund intends to maintain a 50%-100% net long exposure. CLSE was launched on Dec 29, 2009 and is managed by Convergence.