LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) Stock Price Up 0.2%

LeaderShares Activist Leaders ETF (NYSEARCA:ACTV)’s share price were up 0.2% on Tuesday . The company traded as high as $31.96 and last traded at $31.91. Approximately 10,558 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 7,730 shares. The stock had previously closed at $31.85.

LeaderShares Activist Leaders ETF Price Performance

The company has a market capitalization of $81.58 million, a price-to-earnings ratio of 17.70 and a beta of 1.05. The stock has a 50 day simple moving average of $32.87 and a two-hundred day simple moving average of $33.15.

Institutional Trading of LeaderShares Activist Leaders ETF

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

About LeaderShares Activist Leaders ETF

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.