Cetera Investment Advisers Has $2.78 Million Position in AdvisorShares Q Dynamic Growth ETF $QPX

Cetera Investment Advisers lowered its holdings in AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,712 shares of the company’s stock after selling 5,933 shares during the period. Cetera Investment Advisers owned approximately 11.12% of AdvisorShares Q Dynamic Growth ETF worth $2,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in shares of AdvisorShares Q Dynamic Growth ETF by 2.4% during the first quarter. Envestnet Asset Management Inc. now owns 20,724 shares of the company’s stock valued at $712,000 after buying an additional 494 shares in the last quarter. Encompass More Asset Management boosted its position in AdvisorShares Q Dynamic Growth ETF by 1.5% during the 1st quarter. Encompass More Asset Management now owns 165,107 shares of the company’s stock worth $5,670,000 after acquiring an additional 2,422 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its stake in AdvisorShares Q Dynamic Growth ETF by 45.8% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 19,157 shares of the company’s stock valued at $742,000 after acquiring an additional 6,022 shares in the last quarter.

AdvisorShares Q Dynamic Growth ETF Price Performance

Shares of QPX opened at $43.64 on Friday. The business’s 50-day moving average is $43.34 and its 200-day moving average is $40.48. The company has a market capitalization of $31.86 million, a price-to-earnings ratio of 26.24 and a beta of 1.07. AdvisorShares Q Dynamic Growth ETF has a fifty-two week low of $30.65 and a fifty-two week high of $44.61.

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.