Columbia Research Enhanced Value ETF (NYSEARCA:REVS) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its stake in Columbia Research Enhanced Value ETF (NYSEARCA:REVS) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,656,519 shares of the company’s stock after selling 98,906 shares during the period. LPL Financial LLC owned 92.03% of Columbia Research Enhanced Value ETF worth $40,971,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in REVS. Commonwealth Equity Services LLC bought a new stake in Columbia Research Enhanced Value ETF in the fourth quarter valued at $204,000. Pine Valley Investments Ltd Liability Co boosted its stake in Columbia Research Enhanced Value ETF by 2.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 28,472 shares of the company’s stock valued at $723,000 after purchasing an additional 700 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Columbia Research Enhanced Value ETF in the 4th quarter worth about $954,000.

Columbia Research Enhanced Value ETF Trading Down 1.3 %

Shares of NYSEARCA:REVS opened at $24.88 on Friday. The firm’s 50 day moving average is $25.55 and its two-hundred day moving average is $25.57. The firm has a market capitalization of $64.69 million, a P/E ratio of 17.08 and a beta of 0.89. Columbia Research Enhanced Value ETF has a 52 week low of $22.56 and a 52 week high of $27.03.

Columbia Research Enhanced Value ETF Company Profile

The Columbia Research Enhanced Value ETF (REVS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US stocks pulled from the Russell 1000 Value Index. REVS index uses multifactor selection and market cap weighting. REVS was launched on Sep 25, 2019 and is managed by Columbia.