Armis Advisers LLC Purchases New Shares in Overlay Shares Core Bond ETF (NYSEARCA:OVB)

Armis Advisers LLC purchased a new stake in shares of Overlay Shares Core Bond ETF (NYSEARCA:OVB) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 887,833 shares of the company’s stock, valued at approximately $17,954,000. Overlay Shares Core Bond ETF accounts for approximately 2.2% of Armis Advisers LLC’s portfolio, making the stock its 9th largest holding. Armis Advisers LLC owned about 0.39% of Overlay Shares Core Bond ETF as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC acquired a new position in Overlay Shares Core Bond ETF during the 4th quarter worth $374,000. Sandy Spring Bank grew its holdings in Overlay Shares Core Bond ETF by 30.0% during the 4th quarter. Sandy Spring Bank now owns 26,297 shares of the company’s stock worth $532,000 after acquiring an additional 6,066 shares in the last quarter. IFP Advisors Inc grew its holdings in Overlay Shares Core Bond ETF by 2.4% during the 4th quarter. IFP Advisors Inc now owns 76,685 shares of the company’s stock worth $1,551,000 after acquiring an additional 1,792 shares in the last quarter. Bison Wealth LLC grew its holdings in Overlay Shares Core Bond ETF by 77.9% during the 4th quarter. Bison Wealth LLC now owns 459,206 shares of the company’s stock worth $9,286,000 after acquiring an additional 201,124 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in Overlay Shares Core Bond ETF by 1.6% during the 4th quarter. HighTower Advisors LLC now owns 480,768 shares of the company’s stock worth $9,722,000 after acquiring an additional 7,739 shares in the last quarter.

Overlay Shares Core Bond ETF Stock Performance

NYSEARCA OVB opened at $19.92 on Friday. Overlay Shares Core Bond ETF has a one year low of $19.52 and a one year high of $21.82. The company has a 50-day simple moving average of $20.11 and a 200-day simple moving average of $20.41. The firm has a market capitalization of $50.40 million, a PE ratio of 24.69 and a beta of 0.39.

About Overlay Shares Core Bond ETF

The Overlay Shares Core Bond ETF (OVB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is actively managed to provide exposure to U.S. Investment-grade bonds combined with a U.S OVB was launched on Sep 30, 2019 and is managed by Overlay Shares.