AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Shares Down 0.3%

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX)’s share price traded down 0.3% on Friday . The company traded as low as $33.88 and last traded at $33.88. 3,332 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 2,862 shares. The stock had previously closed at $33.98.

AdvisorShares Q Dynamic Growth ETF Price Performance

The stock’s 50 day moving average price is $32.64 and its two-hundred day moving average price is $31.82. The firm has a market capitalization of $25.41 million, a price-to-earnings ratio of 33.65 and a beta of 1.06.

Hedge Funds Weigh In On AdvisorShares Q Dynamic Growth ETF

Several large investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its stake in AdvisorShares Q Dynamic Growth ETF by 735.0% during the 1st quarter. Cetera Investment Advisers now owns 138,306 shares of the company’s stock valued at $4,530,000 after purchasing an additional 121,743 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in AdvisorShares Q Dynamic Growth ETF by 22.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,473 shares of the company’s stock valued at $1,850,000 after purchasing an additional 10,541 shares during the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new position in AdvisorShares Q Dynamic Growth ETF during the 4th quarter valued at $214,000.

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.