AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) Stake Lifted by Encompass More Asset Management

Encompass More Asset Management boosted its holdings in shares of AdvisorShares Q Dynamic Growth ETF (NYSEARCA:QPX) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 151,952 shares of the company’s stock after purchasing an additional 12,409 shares during the period. AdvisorShares Q Dynamic Growth ETF makes up 2.1% of Encompass More Asset Management’s investment portfolio, making the stock its 7th largest holding. Encompass More Asset Management owned about 20.26% of AdvisorShares Q Dynamic Growth ETF worth $5,385,000 as of its most recent SEC filing.

Separately, Cambridge Investment Research Advisors Inc. raised 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 worth $1,926,000 after acquiring an additional 367 shares during the last quarter.

AdvisorShares Q Dynamic Growth ETF Price Performance

NYSEARCA:QPX opened at $36.48 on Friday. The firm has a 50 day simple moving average of $35.61 and a 200-day simple moving average of $34.30. The firm has a market cap of $27.36 million, a PE ratio of 33.65 and a beta of 1.06. AdvisorShares Q Dynamic Growth ETF has a 1-year low of $29.14 and a 1-year high of $36.58.

AdvisorShares Q Dynamic Growth ETF 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.