AdvisorShares Trust (MINC) Stake Lowered by Aviance Capital Management LLC
Aviance Capital Management LLC lowered its holdings in shares of AdvisorShares Trust (NYSEARCA:MINC) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,532,946 shares of the company’s stock after selling 213,935 shares during the quarter. AdvisorShares Trust makes up approximately 5.3% of Aviance Capital Management LLC’s holdings, making the stock its 4th biggest position. Aviance Capital Management LLC owned about 0.40% of AdvisorShares Trust worth $74,153,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cognios Capital LLC increased its position in shares of AdvisorShares Trust by 14.7% during the 4th quarter. Cognios Capital LLC now owns 20,949 shares of the company’s stock valued at $1,013,000 after purchasing an additional 2,691 shares during the last quarter. AE Wealth Management LLC increased its position in shares of AdvisorShares Trust by 13.4% during the 4th 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 last quarter. Finally, Calton & Associates Inc. purchased a new stake in shares of AdvisorShares Trust during the 4th quarter valued at about $312,000.
Shares of AdvisorShares Trust (NYSEARCA MINC) opened at $48.21 on Wednesday. AdvisorShares Trust has a 52-week low of $48.09 and a 52-week high of $48.99.
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