BAM Wealth Management LLC Buys New Position in AdvisorShares STAR Global Buy-Write ETF $VEGA

BAM Wealth Management LLC purchased a new position in shares of AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,630 shares of the company’s stock, valued at approximately $809,000. BAM Wealth Management LLC owned about 1.11% of AdvisorShares STAR Global Buy-Write ETF as of its most recent SEC filing.

Separately, Osaic Holdings Inc. boosted its holdings in shares of AdvisorShares STAR Global Buy-Write ETF by 508.2% in the second quarter. Osaic Holdings Inc. now owns 2,737 shares of the company’s stock valued at $119,000 after acquiring an additional 2,287 shares during the period.

AdvisorShares STAR Global Buy-Write ETF Trading Up 0.2%

Shares of VEGA opened at $50.01 on Friday. The company’s 50 day simple moving average is $49.54 and its 200-day simple moving average is $48.49. The firm has a market cap of $77.02 million, a PE ratio of 21.93 and a beta of 0.70. AdvisorShares STAR Global Buy-Write ETF has a 12-month low of $39.10 and a 12-month high of $50.25.

AdvisorShares STAR Global Buy-Write ETF Profile

The AdvisorShares STAR Global Buy-Write ETF (VEGA) is an exchange-traded fund that is based on the Benchmark for VEGA Fund index. The fund is an actively managed fund-of-funds that aims for consistent returns in part by writing call options on its underlying securities. Long puts are used to hedge downside risk. VEGA was launched on Sep 17, 2012 and is managed by AdvisorShares.