Envestnet Asset Management Inc. Sells 191,759 Shares of AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC)

Envestnet Asset Management Inc. decreased its stake in AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC – Get Rating) by 52.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 173,249 shares of the company’s stock after selling 191,759 shares during the quarter. Envestnet Asset Management Inc. owned 0.20% of AdvisorShares Newfleet Multi-Sector Income ETF worth $7,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MINC. Cambridge Investment Research Advisors Inc. increased its holdings in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 4.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,761 shares of the company’s stock worth $1,114,000 after buying an additional 957 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 10.3% in the 1st quarter. Royal Bank of Canada now owns 154,385 shares of the company’s stock valued at $7,241,000 after purchasing an additional 14,442 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of AdvisorShares Newfleet Multi-Sector Income ETF in the 1st quarter valued at $326,000. UBS Group AG boosted its stake in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 441.6% in the 2nd quarter. UBS Group AG now owns 1,744 shares of the company’s stock valued at $80,000 after purchasing an additional 1,422 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 61.7% in the 2nd quarter. Jane Street Group LLC now owns 7,301 shares of the company’s stock valued at $333,000 after purchasing an additional 2,785 shares in the last quarter.

AdvisorShares Newfleet Multi-Sector Income ETF Stock Down 0.1 %

Shares of AdvisorShares Newfleet Multi-Sector Income ETF stock opened at $44.66 on Wednesday. AdvisorShares Newfleet Multi-Sector Income ETF has a 52-week low of $43.67 and a 52-week high of $47.82. The company has a fifty day moving average of $44.84 and a 200-day moving average of $44.92.