Private Advisor Group LLC Increases Stock Position in AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC)

Private Advisor Group LLC boosted its stake in AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC) by 26.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,783 shares of the company’s stock after purchasing an additional 5,154 shares during the quarter. Private Advisor Group LLC owned about 1.16% of AdvisorShares Newfleet Multi-Sector Income ETF worth $1,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in shares of AdvisorShares Newfleet Multi-Sector Income ETF during the 2nd quarter valued at about $44,000. Strategic Blueprint LLC purchased a new stake in shares of AdvisorShares Newfleet Multi-Sector Income ETF during the 2nd quarter valued at about $49,000. Proequities Inc. purchased a new stake in AdvisorShares Newfleet Multi-Sector Income ETF in the 1st quarter worth about $134,000. Brookstone Capital Management purchased a new stake in AdvisorShares Newfleet Multi-Sector Income ETF in the 2nd quarter worth about $222,000. Finally, Lake Point Wealth Management bought a new position in AdvisorShares Newfleet Multi-Sector Income ETF in the 2nd quarter worth about $296,000.

NYSEARCA MINC opened at $48.65 on Thursday. The firm’s 50 day moving average price is $48.84 and its 200-day moving average price is $48.85. AdvisorShares Newfleet Multi-Sector Income ETF has a 52-week low of $48.42 and a 52-week high of $52.42.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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Institutional Ownership by Quarter for AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC)

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