LPL Financial LLC Has $40.97 Million Holdings in Columbia Research Enhanced Value ETF (NYSEARCA:REVS)

LPL Financial LLC lowered its stake in Columbia Research Enhanced Value ETF (NYSEARCA:REVS) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,656,519 shares of the company’s stock after selling 98,906 shares during the quarter. LPL Financial LLC owned 0.92% of Columbia Research Enhanced Value ETF worth $40,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new position in shares of Columbia Research Enhanced Value ETF during the fourth quarter valued at about $204,000. Raymond James Financial Inc. bought a new position in Columbia Research Enhanced Value ETF in the fourth quarter worth approximately $954,000. Finally, Pine Valley Investments Ltd Liability Co grew its stake in Columbia Research Enhanced Value ETF by 2.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 28,472 shares of the company’s stock valued at $723,000 after acquiring an additional 700 shares during the period.

Columbia Research Enhanced Value ETF Stock Down 1.3 %

NYSEARCA REVS opened at $24.88 on Friday. Columbia Research Enhanced Value ETF has a 52 week low of $22.56 and a 52 week high of $27.03. The business has a 50 day moving average price of $25.55 and a 200-day moving average price of $25.57. The company has a market cap of $64.69 million, a price-to-earnings ratio of 17.08 and a beta of 0.89.

Columbia Research Enhanced Value ETF 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.