Royal Bank of Canada Decreases Stake in Touchstone Ultra Short Income ETF $TUSI

Royal Bank of Canada cut its position in shares of Touchstone Ultra Short Income ETF (BATS:TUSI) by 13.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 519,901 shares of the company’s stock after selling 80,482 shares during the period. Royal Bank of Canada owned about 0.08% of Touchstone Ultra Short Income ETF worth $13,164,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of Touchstone Ultra Short Income ETF by 80.8% in the fourth quarter. LPL Financial LLC now owns 1,063,342 shares of the company’s stock valued at $26,940,000 after purchasing an additional 475,275 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Touchstone Ultra Short Income ETF by 98.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 804,791 shares of the company’s stock valued at $20,389,000 after purchasing an additional 399,892 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Touchstone Ultra Short Income ETF by 242.2% in the 3rd quarter. Raymond James Financial Inc. now owns 548,671 shares of the company’s stock worth $13,914,000 after buying an additional 388,336 shares in the last quarter. Teucrium Investment Advisors LLC purchased a new position in shares of Touchstone Ultra Short Income ETF in the 4th quarter worth $8,041,000. Finally, Private Advisor Group LLC increased its holdings in shares of Touchstone Ultra Short Income ETF by 25.8% in the 1st quarter. Private Advisor Group LLC now owns 296,812 shares of the company’s stock worth $7,515,000 after buying an additional 60,909 shares during the last quarter.

Touchstone Ultra Short Income ETF Stock Performance

Shares of BATS TUSI opened at $25.31 on Friday. The firm’s 50-day moving average price is $25.32 and its 200-day moving average price is $25.35. Touchstone Ultra Short Income ETF has a 12-month low of $25.23 and a 12-month high of $25.55.

About Touchstone Ultra Short Income ETF

The Touchstone Ultra Short Income ETF (TUSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to select a broad portfolio of attractively priced fixed income securities of ultra-short term maturities and varied credit ratings. TUSI was launched on Aug 4, 2022 and is managed by Touchstone.