AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Shares Down 1.7% – What’s Next?

AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX)’s stock price fell 1.7% on Thursday . The stock traded as low as $34.89 and last traded at $34.89. 1,349 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 2,956 shares. The stock had previously closed at $35.48.

AdvisorShares Q Dynamic Growth ETF Stock Performance

The stock’s 50-day simple moving average is $34.84 and its 200-day simple moving average is $33.66. The firm has a market capitalization of $26.28 million, a PE ratio of 33.65 and a beta of 1.06.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Encompass More Asset Management grew its stake in AdvisorShares Q Dynamic Growth ETF by 9.5% in the second quarter. Encompass More Asset Management now owns 139,543 shares of the company’s stock worth $4,728,000 after purchasing an additional 12,082 shares during the period. Cetera Investment Advisers grew its position in shares of AdvisorShares Q Dynamic Growth ETF by 735.0% in the 1st quarter. Cetera Investment Advisers now owns 138,306 shares of the company’s stock worth $4,530,000 after buying an additional 121,743 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of AdvisorShares Q Dynamic Growth ETF by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,840 shares of the company’s stock worth $1,926,000 after acquiring an additional 367 shares in the last quarter.

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.