Encompass More Asset Management Purchases 10,733 Shares of AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX)

Encompass More Asset Management boosted its holdings in AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,685 shares of the company’s stock after purchasing an additional 10,733 shares during the quarter. AdvisorShares Q Dynamic Growth ETF makes up 1.9% of Encompass More Asset Management’s portfolio, making the stock its 8th biggest holding. Encompass More Asset Management owned approximately 21.69% of AdvisorShares Q Dynamic Growth ETF worth $5,835,000 as of its most recent SEC filing.

Separately, Legacy Investment Solutions LLC purchased a new position in shares of AdvisorShares Q Dynamic Growth ETF in the 3rd quarter valued at $1,188,000.

AdvisorShares Q Dynamic Growth ETF Stock Up 0.6 %

NYSEARCA QPX opened at $37.11 on Friday. The stock has a market cap of $27.83 million, a PE ratio of 33.65 and a beta of 1.06. The business has a 50 day moving average price of $36.39 and a two-hundred day moving average price of $35.17. AdvisorShares Q Dynamic Growth ETF has a fifty-two week low of $30.53 and a fifty-two week high of $37.43.

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.