Redwood Investment Management LLC Reduces Stake in LeaderShares AlphaFactor US Core Equity ETF $LSAF

Redwood Investment Management LLC decreased its holdings in shares of LeaderShares AlphaFactor US Core Equity ETF (NYSEARCA:LSAF) by 1.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,184,577 shares of the company’s stock after selling 16,484 shares during the period. LeaderShares AlphaFactor US Core Equity ETF accounts for about 6.8% of Redwood Investment Management LLC’s portfolio, making the stock its 3rd largest position. Redwood Investment Management LLC owned 51.50% of LeaderShares AlphaFactor US Core Equity ETF worth $54,370,000 as of its most recent SEC filing.

LeaderShares AlphaFactor US Core Equity ETF Stock Performance

Shares of LSAF opened at $54.08 on Monday. The company has a 50 day moving average price of $52.06 and a 200-day moving average price of $48.94. LeaderShares AlphaFactor US Core Equity ETF has a fifty-two week low of $41.54 and a fifty-two week high of $55.01. The stock has a market capitalization of $123.30 million, a PE ratio of 15.59 and a beta of 0.94.

LeaderShares AlphaFactor US Core Equity ETF Company Profile

The LeaderSharesTM AlphaFactor US Core Equity ETF (LSAF) is an exchange-traded fund that is based on the AlphaFactor U.S. Core Equity index. The fund tracks an equal-weighted index of US stocks selected by multiple fundamental factors. LSAF was launched on Oct 2, 2018 and is managed by LeaderShares.