LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) Trading Down 0.6%

LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) shares were down 0.6% during mid-day trading on Thursday . The stock traded as low as $32.41 and last traded at $32.70. Approximately 3,856 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 8,598 shares. The stock had previously closed at $32.88.

LeaderShares Activist Leaders ETF Stock Performance

The company’s 50 day moving average price is $33.62 and its 200-day moving average price is $32.01. The company has a market cap of $84.19 million, a price-to-earnings ratio of 17.53 and a beta of 1.06.

Hedge Funds Weigh In On LeaderShares Activist Leaders ETF

An institutional investor recently raised its position in LeaderShares Activist Leaders ETF stock. Redwood Investment Management LLC grew its position in LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,483,128 shares of the company’s stock after buying an additional 25,553 shares during the quarter. LeaderShares Activist Leaders ETF makes up approximately 4.5% of Redwood Investment Management LLC’s portfolio, making the stock its 4th largest position. Redwood Investment Management LLC owned approximately 46.79% of LeaderShares Activist Leaders ETF worth $49,512,000 at the end of the most recent reporting period.

LeaderShares Activist Leaders ETF Company Profile

The LeaderShares Activist Leaders ETF (ACTV) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US equity securities that are the target of shareholder activism. ACTV was launched on Oct 27, 2020 and is managed by LeaderShares.