NewEdge Advisors LLC Has $4.85 Million Holdings in Columbia U.S. Equity Income ETF $EQIN

NewEdge Advisors LLC cut its position in shares of Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) by 15.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 98,751 shares of the company’s stock after selling 18,657 shares during the period. NewEdge Advisors LLC’s holdings in Columbia U.S. Equity Income ETF were worth $4,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Western Wealth Management LLC purchased a new position in shares of Columbia U.S. Equity Income ETF in the first quarter worth approximately $49,000. Global Retirement Partners LLC boosted its stake in Columbia U.S. Equity Income ETF by 54.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,580 shares of the company’s stock worth $75,000 after purchasing an additional 558 shares during the period. Northwest Wealth Advisors LLC purchased a new position in Columbia U.S. Equity Income ETF during the 1st quarter worth approximately $226,000. Keudell Morrison Wealth Management purchased a new position in Columbia U.S. Equity Income ETF during the 4th quarter worth approximately $254,000. Finally, Envestnet Asset Management Inc. raised its stake in Columbia U.S. Equity Income ETF by 36.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,633 shares of the company’s stock valued at $356,000 after purchasing an additional 2,037 shares during the period.

Columbia U.S. Equity Income ETF Stock Up 0.2%

EQIN opened at $54.24 on Wednesday. The stock has a fifty day moving average of $52.36 and a 200-day moving average of $50.85. The firm has a market capitalization of $314.59 million, a P/E ratio of 17.92 and a beta of 0.71. Columbia U.S. Equity Income ETF has a 12-month low of $44.64 and a 12-month high of $54.42.

Columbia U.S. Equity Income ETF Company 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.