Worth Asset Management LLC Invests $1.26 Million in Convergence Long/Short Equity ETF $CLSE

Worth Asset Management LLC bought a new stake in Convergence Long/Short Equity ETF (BATS:CLSE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,926 shares of the company’s stock, valued at approximately $1,260,000. Worth Asset Management LLC owned 0.46% of Convergence Long/Short Equity ETF at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in shares of Convergence Long/Short Equity ETF by 24.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 438,249 shares of the company’s stock valued at $12,332,000 after purchasing an additional 86,464 shares during the last quarter. Elyxium Wealth LLC increased its position in Convergence Long/Short Equity ETF by 5.3% during the fourth quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock worth $3,005,000 after buying an additional 5,512 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in Convergence Long/Short Equity ETF during the first quarter worth $822,000. Bank of New York Mellon Corp raised its holdings in Convergence Long/Short Equity ETF by 32.2% during the first quarter. Bank of New York Mellon Corp now owns 11,520 shares of the company’s stock valued at $324,000 after buying an additional 2,804 shares in the last quarter. Finally, Advisors Preferred LLC raised its holdings in Convergence Long/Short Equity ETF by 663.8% during the first quarter. Advisors Preferred LLC now owns 1,581 shares of the company’s stock valued at $44,000 after buying an additional 1,374 shares in the last quarter.

Convergence Long/Short Equity ETF Price Performance

Shares of BATS:CLSE opened at $33.53 on Friday. Convergence Long/Short Equity ETF has a fifty-two week low of $24.12 and a fifty-two week high of $34.76. The business has a 50-day moving average of $33.94 and a two-hundred day moving average of $31.14. The stock has a market capitalization of $268.91 million, a P/E ratio of 18.57 and a beta of 0.61.

About Convergence Long/Short Equity ETF

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.