Sandy Spring Bank Raises Position in Overlay Shares Core Bond ETF (NYSEARCA:OVB)

Sandy Spring Bank grew its position in Overlay Shares Core Bond ETF (NYSEARCA:OVB) by 30.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,297 shares of the company’s stock after acquiring an additional 6,066 shares during the period. Sandy Spring Bank owned about 1.20% of Overlay Shares Core Bond ETF worth $532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Overlay Shares Core Bond ETF in the third quarter valued at about $138,000. IFP Advisors Inc boosted its holdings in Overlay Shares Core Bond ETF by 2.4% during the fourth quarter. IFP Advisors Inc now owns 76,685 shares of the company’s stock worth $1,551,000 after buying an additional 1,792 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Overlay Shares Core Bond ETF by 8.7% during the third quarter. HighTower Advisors LLC now owns 473,029 shares of the company’s stock worth $10,199,000 after buying an additional 37,984 shares in the last quarter.

Overlay Shares Core Bond ETF Trading Down 0.3 %

OVB stock opened at $20.56 on Friday. The company has a market cap of $52.84 million, a P/E ratio of 26.11 and a beta of 0.33. Overlay Shares Core Bond ETF has a 52 week low of $19.66 and a 52 week high of $21.82. The company’s 50-day moving average price is $20.51 and its 200 day moving average price is $20.78.

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.