Envestnet Asset Management Inc. boosted its holdings in shares of AdvisorShares Trust (NYSEARCA:MINC) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,338 shares of the company’s stock after purchasing an additional 3,241 shares during the period. Envestnet Asset Management Inc.’s holdings in AdvisorShares Trust were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of MINC. Sawtooth Solutions LLC acquired a new position in AdvisorShares Trust during the fourth quarter valued at $2,596,000. AE Wealth Management LLC lifted its position in AdvisorShares Trust by 13.4% during the fourth quarter. AE Wealth Management LLC now owns 144,730 shares of the company’s stock valued at $7,001,000 after purchasing an additional 17,101 shares during the period. Jane Street Group LLC lifted its position in AdvisorShares Trust by 42.5% during the fourth quarter. Jane Street Group LLC now owns 45,458 shares of the company’s stock valued at $2,199,000 after purchasing an additional 13,553 shares during the period. Global Financial Private Capital LLC lifted its position in AdvisorShares Trust by 3.3% during the fourth quarter. Global Financial Private Capital LLC now owns 229,032 shares of the company’s stock valued at $11,079,000 after purchasing an additional 7,220 shares during the period. Finally, Calton & Associates Inc. acquired a new position in AdvisorShares Trust during the fourth quarter valued at $312,000.
NYSEARCA MINC opened at $48.01 on Friday. AdvisorShares Trust has a 1 year low of $47.95 and a 1 year high of $48.92.
The company also recently disclosed a monthly dividend, which was paid on Thursday, March 29th. Shareholders of record on Tuesday, March 27th were given a $0.095 dividend. The ex-dividend date of this dividend was Monday, March 26th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.38%.
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