AdvisorShares Newfleet Multi-Sector Income ETF (MINC) Shares Sold by Advisor Group Inc.

Advisor Group Inc. cut its holdings in AdvisorShares Newfleet Multi-Sector Income ETF (NYSEARCA:MINC) by 36.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,339 shares of the company’s stock after selling 1,938 shares during the quarter. Advisor Group Inc.’s holdings in AdvisorShares Newfleet Multi-Sector Income ETF were worth $158,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its stake in AdvisorShares Newfleet Multi-Sector Income ETF by 8.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,077 shares of the company’s stock valued at $335,000 after buying an additional 579 shares in the last quarter. Strategic Investment Advisors MI acquired a new position in shares of AdvisorShares Newfleet Multi-Sector Income ETF in the fourth quarter worth about $698,000. Burt Wealth Advisors increased its position in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 62.3% in the fourth quarter. Burt Wealth Advisors now owns 29,883 shares of the company’s stock worth $1,414,000 after acquiring an additional 11,476 shares in the last quarter. LPL Financial LLC increased its position in shares of AdvisorShares Newfleet Multi-Sector Income ETF by 65.7% in the fourth quarter. LPL Financial LLC now owns 16,286 shares of the company’s stock worth $771,000 after acquiring an additional 6,455 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of AdvisorShares Newfleet Multi-Sector Income ETF during the fourth quarter valued at approximately $68,000.

Shares of NYSEARCA:MINC opened at $48.03 on Friday. AdvisorShares Newfleet Multi-Sector Income ETF has a 52 week low of $46.31 and a 52 week high of $48.23.

The company also recently disclosed a monthly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 27th were given a dividend of $0.1193 per share. This represents a $1.43 annualized dividend and a yield of 2.98%. This is a boost from AdvisorShares Newfleet Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date was Tuesday, March 26th.

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

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