Sowell Financial Services LLC Has $8.04 Million Stock Holdings in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN)

Sowell Financial Services LLC lifted its position in shares of Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) by 18.1% in the first quarter, Holdings Channel reports. The institutional investor owned 175,698 shares of the company’s stock after acquiring an additional 26,984 shares during the period. Sowell Financial Services LLC owned approximately 0.05% of Columbia U.S. Equity Income ETF worth $8,040,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC grew its position in Columbia U.S. Equity Income ETF by 130.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,508 shares of the company’s stock valued at $67,000 after acquiring an additional 855 shares during the last quarter. Maripau Wealth Management LLC acquired a new position in Columbia U.S. Equity Income ETF in the fourth quarter valued at approximately $317,000. Novem Group acquired a new position in shares of Columbia U.S. Equity Income ETF during the fourth quarter worth approximately $389,000. JPMorgan Chase & Co. raised its position in shares of Columbia U.S. Equity Income ETF by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,806 shares of the company’s stock worth $479,000 after purchasing an additional 324 shares during the period. Finally, Parcion Private Wealth LLC raised its position in shares of Columbia U.S. Equity Income ETF by 33.1% during the fourth quarter. Parcion Private Wealth LLC now owns 12,260 shares of the company’s stock worth $544,000 after purchasing an additional 3,046 shares during the period.

Columbia U.S. Equity Income ETF Trading Down 0.9%

Shares of Columbia U.S. Equity Income ETF stock opened at $44.61 on Monday. The stock has a fifty day simple moving average of $43.77 and a 200 day simple moving average of $44.94. Columbia U.S. Equity Income ETF has a 12-month low of $40.52 and a 12-month high of $48.28. The company has a market capitalization of $209.67 million, a P/E ratio of 18.11 and a beta of 0.86.

Columbia U.S. Equity Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a $0.2403 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Columbia U.S. Equity Income ETF’s previous dividend of $0.23.

Columbia U.S. Equity Income ETF Profile

The Columbia U.S. Equity Income ETF (EQIN) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of dividend-paying US companies. The fund uses a proprietary, fundamental selection process with an exclusionary screen for ESG risk. EQIN was launched on Jun 13, 2016 and is issued by Columbia Threadneedle.