Sowell Financial Services LLC Makes New $20.22 Million Investment in Columbia U.S. Equity Income ETF $EQIN

Sowell Financial Services LLC bought a new position in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 394,809 shares of the company’s stock, valued at approximately $20,216,000. Sowell Financial Services LLC owned approximately 6.69% of Columbia U.S. Equity Income ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Western Wealth Management LLC purchased a new position in Columbia U.S. Equity Income ETF during the first quarter worth about $49,000. Northwest Wealth Advisors LLC bought a new stake in Columbia U.S. Equity Income ETF in the 1st quarter worth about $226,000. Ameritas Advisory Services LLC purchased a new stake in Columbia U.S. Equity Income ETF in the 2nd quarter valued at about $294,000. Citadel Advisors LLC purchased a new stake in Columbia U.S. Equity Income ETF in the 2nd quarter valued at about $365,000. Finally, Ascentis Independent Advisors increased its stake in Columbia U.S. Equity Income ETF by 36.9% in the 1st quarter. Ascentis Independent Advisors now owns 15,624 shares of the company’s stock valued at $768,000 after buying an additional 4,215 shares during the last quarter.

Columbia U.S. Equity Income ETF Stock Up 1.3%

Columbia U.S. Equity Income ETF stock opened at $54.40 on Wednesday. Columbia U.S. Equity Income ETF has a 52 week low of $45.33 and a 52 week high of $56.20. The company’s 50 day moving average price is $53.42 and its two-hundred day moving average price is $52.07. The stock has a market cap of $320.96 million, a P/E ratio of 17.92 and a beta of 0.71.

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.