EverSource Wealth Advisors LLC Invests $224,000 in AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA)

EverSource Wealth Advisors LLC acquired a new stake in shares of AdvisorShares STAR Global Buy-Write ETF (NYSEARCA:VEGA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 5,736 shares of the company’s stock, valued at approximately $224,000. EverSource Wealth Advisors LLC owned approximately 0.40% of AdvisorShares STAR Global Buy-Write ETF at the end of the most recent reporting period.

AdvisorShares STAR Global Buy-Write ETF Stock Up 0.7 %

NYSEARCA VEGA traded up $0.28 during trading hours on Friday, hitting $41.25. 4,161 shares of the company were exchanged, compared to its average volume of 3,469. The stock has a market cap of $58.98 million, a PE ratio of 19.45 and a beta of 0.65. AdvisorShares STAR Global Buy-Write ETF has a 52 week low of $34.68 and a 52 week high of $41.80. The stock has a 50-day moving average price of $40.70 and a 200 day moving average price of $39.53.

About AdvisorShares STAR Global Buy-Write ETF

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.