Envestnet Asset Management Inc. Has $726,000 Holdings in AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX)

Envestnet Asset Management Inc. increased its position in shares of AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,230 shares of the company’s stock after buying an additional 663 shares during the quarter. Envestnet Asset Management Inc. owned 2.70% of AdvisorShares Q Dynamic Growth ETF worth $726,000 at the end of the most recent quarter.

Separately, Encompass More Asset Management grew its stake in shares of AdvisorShares Q Dynamic Growth ETF by 7.1% in the 4th quarter. Encompass More Asset Management now owns 162,685 shares of the company’s stock valued at $5,835,000 after purchasing an additional 10,733 shares during the period.

AdvisorShares Q Dynamic Growth ETF Price Performance

AdvisorShares Q Dynamic Growth ETF stock opened at $35.49 on Friday. The firm has a market capitalization of $23.42 million, a P/E ratio of 24.73 and a beta of 1.07. The stock has a fifty day moving average price of $34.07 and a two-hundred day moving average price of $35.55. AdvisorShares Q Dynamic Growth ETF has a 52-week low of $30.65 and a 52-week high of $37.43.

AdvisorShares Q Dynamic Growth ETF 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.