Elevated Capital Advisors LLC Invests $204,000 in AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC)

Elevated Capital Advisors LLC purchased a new stake in shares of AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,217 shares of the company’s stock, valued at approximately $204,000. Elevated Capital Advisors LLC owned approximately 0.29% of AdvisorShares Newfleet Multi-Sector Income ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NEXT Financial Group Inc purchased a new position in AdvisorShares Newfleet Multi-Sector Income ETF during the fourth quarter valued at approximately $48,000. FormulaFolio Investments LLC lifted its stake in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 7.9% during the 3rd quarter. FormulaFolio Investments LLC now owns 10,211 shares of the company’s stock worth $495,000 after purchasing an additional 746 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in AdvisorShares Newfleet Multi-Sector Income ETF by 16.3% during the third quarter. Envestnet Asset Management Inc. now owns 18,562 shares of the company’s stock valued at $901,000 after purchasing an additional 2,604 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in AdvisorShares Newfleet Multi-Sector Income ETF by 8.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,562 shares of the company’s stock valued at $1,093,000 after purchasing an additional 1,850 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in AdvisorShares Newfleet Multi-Sector Income ETF during the fourth quarter valued at about $1,427,000.

MINC opened at $48.77 on Friday. The business’s 50-day moving average is $48.63 and its two-hundred day moving average is $48.56. AdvisorShares Newfleet Multi-Sector Income ETF has a 1 year low of $47.58 and a 1 year high of $48.89.

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 28th were issued a $0.0885 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Monday, January 27th.

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

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