Archford Capital Strategies LLC Acquires 2,877 Shares of Convergence Long/Short Equity ETF (BATS:CLSE)

Archford Capital Strategies LLC lifted its holdings in Convergence Long/Short Equity ETF (BATS:CLSE) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,219 shares of the company’s stock after purchasing an additional 2,877 shares during the quarter. Archford Capital Strategies LLC’s holdings in Convergence Long/Short Equity ETF were worth $1,082,000 as of its most recent SEC filing.

Separately, Janney Montgomery Scott LLC bought a new stake in shares of Convergence Long/Short Equity ETF in the fourth quarter worth $4,547,000.

Convergence Long/Short Equity ETF Stock Performance

Shares of CLSE stock opened at $23.97 on Friday. The stock has a 50 day simple moving average of $23.46 and a two-hundred day simple moving average of $22.45. The company has a market capitalization of $98.77 million, a price-to-earnings ratio of 16.00 and a beta of 0.67.

Convergence Long/Short Equity ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 16th were issued a dividend of $0.212 per share. The ex-dividend date of this dividend was Monday, December 16th.

Convergence Long/Short Equity ETF Company Profile

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.