AE Wealth Management LLC Sells 6,657 Shares of AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC)

AE Wealth Management LLC trimmed its holdings in shares of AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINCGet Rating) by 9.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,100 shares of the company’s stock after selling 6,657 shares during the quarter. AE Wealth Management LLC owned 6.68% of AdvisorShares Newfleet Multi-Sector Income ETF worth $2,779,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Gradient Investments LLC grew its holdings in AdvisorShares Newfleet Multi-Sector Income ETF by 9.6% during the 2nd quarter. Gradient Investments LLC now owns 2,747 shares of the company’s stock worth $125,000 after acquiring an additional 240 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 4.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,761 shares of the company’s stock worth $1,114,000 after purchasing an additional 957 shares during the period. UBS Group AG lifted its position in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 441.6% in the 2nd quarter. UBS Group AG now owns 1,744 shares of the company’s stock worth $80,000 after purchasing an additional 1,422 shares during the period. Burt Wealth Advisors lifted its position in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 42.2% in the 2nd quarter. Burt Wealth Advisors now owns 8,691 shares of the company’s stock worth $396,000 after purchasing an additional 2,578 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 61.7% in the 2nd quarter. Jane Street Group LLC now owns 7,301 shares of the company’s stock worth $333,000 after purchasing an additional 2,785 shares during the period.

AdvisorShares Newfleet Multi-Sector Income ETF Stock Performance

Shares of NYSEARCA MINC opened at $44.76 on Friday. AdvisorShares Newfleet Multi-Sector Income ETF has a 52-week low of $43.67 and a 52-week high of $48.33. The company’s 50 day moving average price is $44.64 and its 200-day moving average price is $45.12.

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Institutional Ownership by Quarter for AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC)

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