Encompass More Asset Management Purchases 81,445 Shares of AdvisorShares Q Dynamic Growth ETF $QPX

Encompass More Asset Management increased its stake in AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) by 50.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,323 shares of the company’s stock after purchasing an additional 81,445 shares during the quarter. AdvisorShares Q Dynamic Growth ETF accounts for 2.0% of Encompass More Asset Management’s portfolio, making the stock its 12th largest position. Encompass More Asset Management owned about 33.52% of AdvisorShares Q Dynamic Growth ETF worth $10,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in QPX. Osaic Holdings Inc. increased its holdings in AdvisorShares Q Dynamic Growth ETF by 19.4% in the 2nd quarter. Osaic Holdings Inc. now owns 70,474 shares of the company’s stock worth $2,729,000 after acquiring an additional 11,435 shares in the last quarter. Sentinus LLC raised its stake in AdvisorShares Q Dynamic Growth ETF by 0.8% during the second quarter. Sentinus LLC now owns 33,214 shares of the company’s stock valued at $1,287,000 after purchasing an additional 268 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in AdvisorShares Q Dynamic Growth ETF by 45.8% in the second quarter. Legacy Wealth Managment LLC ID now owns 19,157 shares of the company’s stock worth $742,000 after acquiring an additional 6,022 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of AdvisorShares Q Dynamic Growth ETF in the 3rd quarter valued at approximately $54,000.

AdvisorShares Q Dynamic Growth ETF Stock Performance

NYSEARCA:QPX opened at $45.47 on Monday. The stock’s fifty day moving average is $44.00 and its 200 day moving average is $41.68. The firm has a market capitalization of $33.19 million, a PE 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 $45.47.

About AdvisorShares Q Dynamic Growth ETF

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.