Cornerstone Planning Group LLC Invests $822,000 in Convergence Long/Short Equity ETF $CLSE

Cornerstone Planning Group LLC purchased a new position in Convergence Long/Short Equity ETF (BATS:CLSE) during the 1st quarter, HoldingsChannel reports. The fund purchased 29,197 shares of the company’s stock, valued at approximately $822,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLSE. Janney Montgomery Scott LLC boosted its stake in Convergence Long/Short Equity ETF by 338.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 351,785 shares of the company’s stock valued at $9,614,000 after buying an additional 271,528 shares during the period. Flagship Harbor Advisors LLC grew its position in Convergence Long/Short Equity ETF by 4.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 705,459 shares of the company’s stock worth $19,280,000 after buying an additional 30,205 shares in the last quarter. Elyxium Wealth LLC increased its stake in Convergence Long/Short Equity ETF by 5.3% in the 4th quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock worth $3,005,000 after acquiring an additional 5,512 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Convergence Long/Short Equity ETF by 32.2% in the 1st quarter. Bank of New York Mellon Corp now owns 11,520 shares of the company’s stock worth $324,000 after acquiring an additional 2,804 shares during the last quarter. Finally, Advisors Preferred LLC raised its holdings in shares of Convergence Long/Short Equity ETF by 663.8% in the 1st quarter. Advisors Preferred LLC now owns 1,581 shares of the company’s stock valued at $44,000 after acquiring an additional 1,374 shares in the last quarter.

Convergence Long/Short Equity ETF Stock Down 0.2%

BATS:CLSE opened at $33.71 on Friday. The stock has a market cap of $270.35 million, a P/E ratio of 18.57 and a beta of 0.61. The business’s 50-day moving average price is $33.71 and its two-hundred day moving average price is $30.49. Convergence Long/Short Equity ETF has a twelve month low of $23.19 and a twelve month high of $34.76.

Convergence Long/Short Equity ETF Company Profile

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.