Legacy Financial Advisors Inc. Buys New Shares in Convergence Long/Short Equity ETF $CLSE

Legacy Financial Advisors Inc. bought a new position in shares of Convergence Long/Short Equity ETF (BATS:CLSE) during the second quarter, HoldingsChannel reports. The firm bought 32,586 shares of the company’s stock, valued at approximately $1,112,000.

A number of other institutional investors have also added to or reduced their stakes in CLSE. Elyxium Wealth LLC raised its holdings in Convergence Long/Short Equity ETF by 5.3% in the 4th quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock valued at $3,005,000 after acquiring an additional 5,512 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Convergence Long/Short Equity ETF by 338.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 351,785 shares of the company’s stock worth $9,614,000 after acquiring an additional 271,528 shares during the period. Advisors Preferred LLC grew its holdings in shares of Convergence Long/Short Equity ETF by 663.8% during the 1st quarter. Advisors Preferred LLC now owns 1,581 shares of the company’s stock worth $44,000 after purchasing an additional 1,374 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Convergence Long/Short Equity ETF by 32.2% during the 1st quarter. Bank of New York Mellon Corp now owns 11,520 shares of the company’s stock worth $324,000 after purchasing an additional 2,804 shares in the last quarter. Finally, Cornerstone Planning Group LLC bought a new stake in shares of Convergence Long/Short Equity ETF during the first quarter valued at approximately $822,000.

Convergence Long/Short Equity ETF Trading Down 0.4%

Shares of BATS CLSE opened at $33.56 on Tuesday. The business has a fifty day simple moving average of $33.77 and a 200 day simple moving average of $31.77. The firm has a market capitalization of $269.15 million, a price-to-earnings ratio of 18.57 and a beta of 0.61. Convergence Long/Short Equity ETF has a one year low of $24.14 and a one year high of $34.76.

Convergence Long/Short Equity ETF Company Profile

The Convergence Long\u002FShort Equity ETF (CLSE) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund establishes both long and short positions in US stocks. The actively managed fund intends to maintain a 50%-100% net long exposure. CLSE was launched on Dec 29, 2009 and is managed by Convergence.