AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX – Get Free Report) dropped 1.7% during trading on Thursday . The stock traded as low as $34.89 and last traded at $34.89. 1,349 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 2,956 shares. The stock had previously closed at $35.48.
AdvisorShares Q Dynamic Growth ETF Stock Performance
The firm’s 50 day simple moving average is $34.83 and its 200-day simple moving average is $33.63. The company has a market cap of $26.17 million, a price-to-earnings ratio of 33.65 and a beta of 1.06.
Institutional Investors Weigh In On AdvisorShares Q Dynamic Growth ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in QPX. Cetera Investment Advisers raised its stake in shares of AdvisorShares Q Dynamic Growth ETF by 735.0% in the 1st quarter. Cetera Investment Advisers now owns 138,306 shares of the company’s stock valued at $4,530,000 after acquiring an additional 121,743 shares during the period. Encompass More Asset Management grew its position in AdvisorShares Q Dynamic Growth ETF by 9.5% in the 2nd quarter. Encompass More Asset Management now owns 139,543 shares of the company’s stock valued at $4,728,000 after acquiring an additional 12,082 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in AdvisorShares Q Dynamic Growth ETF by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,840 shares of the company’s stock worth $1,926,000 after purchasing an additional 367 shares during the period.
AdvisorShares Q Dynamic Growth ETF Company Profile
The AdvisorShares Q Dynamic Growth ETF (QPX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to maximize long-term growth through equity exposure while tactically managing downside risk. QPX was launched on Dec 28, 2020 and is managed by AdvisorShares.
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