AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Trading 0.4% Higher – What’s Next?

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPXGet Free Report) shares traded up 0.4% during mid-day trading on Friday . The company traded as high as $36.22 and last traded at $36.20. 2,781 shares traded hands during trading, a decline of 4% from the average session volume of 2,904 shares. The stock had previously closed at $36.05.

AdvisorShares Q Dynamic Growth ETF Price Performance

The business’s fifty day moving average price is $35.45 and its 200-day moving average price is $34.17. The stock has a market capitalization of $27.15 million, a PE ratio of 33.65 and a beta of 1.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QPX. Legacy Investment Solutions LLC purchased a new stake in shares of AdvisorShares Q Dynamic Growth ETF in the 3rd quarter valued at about $1,188,000. Encompass More Asset Management boosted its stake in AdvisorShares Q Dynamic Growth ETF by 8.9% in the third quarter. Encompass More Asset Management now owns 151,952 shares of the company’s stock worth $5,385,000 after buying an additional 12,409 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in AdvisorShares Q Dynamic Growth ETF by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,840 shares of the company’s stock valued at $1,926,000 after acquiring an additional 367 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in AdvisorShares Q Dynamic Growth ETF by 735.0% during the first quarter. Cetera Investment Advisers now owns 138,306 shares of the company’s stock valued at $4,530,000 after acquiring an additional 121,743 shares during the last quarter.

About AdvisorShares Q Dynamic Growth ETF

(Get Free Report)

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.

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