12,564 AdvisorShares Q Dynamic Growth ETF $QPX Shares Sold by Encompass More Asset Management

Encompass More Asset Management cut its holdings in shares of AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,439 shares of the company’s stock after selling 12,564 shares during the quarter. AdvisorShares Q Dynamic Growth ETF accounts for 1.6% of Encompass More Asset Management’s investment portfolio, making the stock its 11th largest position. Encompass More Asset Management owned approximately 0.32% of AdvisorShares Q Dynamic Growth ETF worth $10,787,000 as of its most recent SEC filing.

Separately, Professional Financial Advisors LLC grew its stake in shares of AdvisorShares Q Dynamic Growth ETF by 0.7% in the second quarter. Professional Financial Advisors LLC now owns 65,220 shares of the company’s stock worth $3,186,000 after acquiring an additional 475 shares in the last quarter.

AdvisorShares Q Dynamic Growth ETF Trading Down 1.6%

AdvisorShares Q Dynamic Growth ETF stock opened at $47.29 on Friday. AdvisorShares Q Dynamic Growth ETF has a twelve month low of $41.16 and a twelve month high of $49.85. The stock’s fifty day simple moving average is $48.66 and its 200-day simple moving average is $47.69. The firm has a market capitalization of $33.10 million, a P/E ratio of 26.24 and a beta of 1.08.

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.