Cornerstone Financial Management LLC Acquires New Holdings in Columbia U.S. Equity Income ETF $EQIN

Cornerstone Financial Management LLC acquired a new stake in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 26,056 shares of the company’s stock, valued at approximately $1,237,000. Columbia U.S. Equity Income ETF comprises about 1.2% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 26th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its position 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 valued at $75,000 after purchasing an additional 558 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Columbia U.S. Equity Income ETF in the 3rd quarter valued at about $141,000. Keudell Morrison Wealth Management bought a new stake in Columbia U.S. Equity Income ETF in the 4th quarter valued at about $254,000. Mcdonald Partners LLC bought a new stake in Columbia U.S. Equity Income ETF in the 3rd quarter valued at about $305,000. Finally, Jones Financial Companies Lllp bought a new stake in Columbia U.S. Equity Income ETF in the 3rd quarter valued at about $325,000.

Columbia U.S. Equity Income ETF Stock Up 0.9%

Shares of NYSEARCA:EQIN opened at $52.03 on Friday. The company has a market cap of $286.17 million, a PE ratio of 17.92 and a beta of 0.71. The company’s 50-day moving average price is $50.32 and its 200 day moving average price is $49.45. Columbia U.S. Equity Income ETF has a fifty-two week low of $44.01 and a fifty-two week high of $52.13.

Columbia U.S. Equity Income ETF 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.