Legacy Financial Advisors Inc. Takes $1.11 Million Position in Convergence Long/Short Equity ETF $CLSE

Legacy Financial Advisors Inc. purchased a new position in Convergence Long/Short Equity ETF (BATS:CLSE) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,586 shares of the company’s stock, valued at approximately $1,112,000. Legacy Financial Advisors Inc. owned about 0.41% of Convergence Long/Short Equity ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Preferred LLC grew its position in shares of Convergence Long/Short Equity ETF by 663.8% in the first quarter. Advisors Preferred LLC now owns 1,581 shares of the company’s stock valued at $44,000 after purchasing an additional 1,374 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 during the last quarter. Cornerstone Planning Group LLC bought a new stake in Convergence Long/Short Equity ETF during the 1st quarter valued at approximately $822,000. Worth Asset Management LLC bought a new stake in Convergence Long/Short Equity ETF during the 2nd quarter valued at approximately $1,260,000. Finally, Elyxium Wealth LLC grew 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 buying an additional 5,512 shares during the last quarter.

Convergence Long/Short Equity ETF Stock Down 0.4%

Shares of BATS CLSE opened at $33.56 on Tuesday. Convergence Long/Short Equity ETF has a 12 month low of $24.14 and a 12 month high of $34.76. The company has a market cap of $269.15 million, a P/E ratio of 18.57 and a beta of 0.61. The business’s 50 day moving average is $33.77 and its two-hundred day moving average is $31.77.

About Convergence Long/Short Equity ETF

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.