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

Shares of LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) were up 0.2% during trading on Tuesday . The company traded as high as $31.96 and last traded at $31.91. Approximately 10,558 shares traded hands during 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 stock’s 50-day simple moving average is $32.89 and its 200 day simple moving average is $33.15. The stock has a market capitalization of $81.37 million, a P/E ratio of 17.70 and a beta of 1.05.

Institutional Investors Weigh In On LeaderShares Activist Leaders ETF

A hedge fund recently raised its stake in LeaderShares Activist Leaders ETF stock. Redwood Investment Management LLC boosted its stake in LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,483,128 shares of the company’s stock after purchasing an additional 25,553 shares during the quarter. LeaderShares Activist Leaders ETF comprises 4.5% of Redwood Investment Management LLC’s investment portfolio, making the stock its 4th biggest position. Redwood Investment Management LLC owned 46.79% of LeaderShares Activist Leaders ETF worth $49,512,000 as of its most recent filing with the Securities & Exchange Commission.

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.