Raymond James Financial Inc. Takes Position in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN)

Raymond James Financial Inc. acquired a new stake in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 54,424 shares of the company’s stock, valued at approximately $2,413,000.

A number of other hedge funds have also bought and sold shares of the business. Gladstone Institutional Advisory LLC bought a new position in Columbia U.S. Equity Income ETF during the fourth quarter valued at $1,315,000. Parcion Private Wealth LLC raised its position in shares of Columbia U.S. Equity Income ETF by 33.1% in the fourth quarter. Parcion Private Wealth LLC now owns 12,260 shares of the company’s stock worth $544,000 after buying an additional 3,046 shares in the last quarter. KWB Wealth purchased a new stake in Columbia U.S. Equity Income ETF in the fourth quarter valued at approximately $466,000. Maripau Wealth Management LLC bought a new position in Columbia U.S. Equity Income ETF in the fourth quarter valued at $317,000. Finally, Collier Financial bought a new stake in Columbia U.S. Equity Income ETF in the 4th quarter worth approximately $303,000.

Columbia U.S. Equity Income ETF Stock Performance

EQIN stock opened at $45.25 on Friday. The firm has a market cap of $147.06 million, a P/E ratio of 18.59 and a beta of 0.99. The firm’s fifty day moving average is $45.83 and its 200 day moving average is $46.31. Columbia U.S. Equity Income ETF has a 52 week low of $43.38 and a 52 week high of $48.28.

Columbia U.S. Equity Income ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th will be given a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Columbia U.S. Equity Income ETF’s previous dividend of $0.23.

Columbia U.S. Equity Income ETF Company Profile

The Columbia U.S. Equity Income ETF (EQIN) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of dividend-paying US companies. The fund uses a proprietary, fundamental selection process with an exclusionary screen for ESG risk. EQIN was launched on Jun 13, 2016 and is issued by Columbia Threadneedle.