Redwood Investment Management LLC Trims Position in LeaderShares Activist Leaders ETF (NYSEARCA:ACTV)

Redwood Investment Management LLC reduced its stake in shares of LeaderShares Activist Leaders ETF (NYSEARCA:ACTV) by 13.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,143,064 shares of the company’s stock after selling 182,132 shares during the quarter. LeaderShares Activist Leaders ETF accounts for approximately 3.4% of Redwood Investment Management LLC’s portfolio, making the stock its 5th largest holding. Redwood Investment Management LLC owned about 44.83% of LeaderShares Activist Leaders ETF worth $38,517,000 as of its most recent SEC filing.

LeaderShares Activist Leaders ETF Price Performance

NYSEARCA ACTV opened at $34.54 on Thursday. The stock has a market capitalization of $88.08 million, a PE ratio of 17.70 and a beta of 1.05. LeaderShares Activist Leaders ETF has a 1 year low of $30.73 and a 1 year high of $35.21. The business’s 50-day moving average is $33.50 and its 200 day moving average is $32.91.

LeaderShares Activist Leaders ETF Profile

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.