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

Cornerstone Financial Management LLC bought a new position in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 26,056 shares of the company’s stock, valued at approximately $1,237,000. Columbia U.S. Equity Income ETF makes up approximately 1.2% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 26th biggest position. Cornerstone Financial Management LLC owned about 0.49% of Columbia U.S. Equity Income ETF as of its most recent SEC filing.

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

Columbia U.S. Equity Income ETF Price Performance

EQIN opened at $52.03 on Friday. The company’s 50 day simple moving average is $50.32 and its two-hundred day simple moving average is $49.45. Columbia U.S. Equity Income ETF has a 1-year low of $44.01 and a 1-year high of $52.13. The firm has a market capitalization of $286.17 million, a price-to-earnings ratio of 17.92 and a beta of 0.71.

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.