Sequoia Wealth Management LLC Trims Stock Position in AdvisorShares Dorsey Wright ADR ETF (NYSEARCA:AADR)

Sequoia Wealth Management LLC lessened its stake in shares of AdvisorShares Dorsey Wright ADR ETF (NYSEARCA:AADR) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,854 shares of the company’s stock after selling 1,117 shares during the quarter. AdvisorShares Dorsey Wright ADR ETF comprises about 1.6% of Sequoia Wealth Management LLC’s holdings, making the stock its 12th biggest holding. Sequoia Wealth Management LLC’s holdings in AdvisorShares Dorsey Wright ADR ETF were worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AADR. Beirne Wealth Consulting Services LLC acquired a new position in shares of AdvisorShares Dorsey Wright ADR ETF in the 2nd quarter valued at $657,000. Concentrum Wealth Management acquired a new position in shares of AdvisorShares Dorsey Wright ADR ETF in the 2nd quarter valued at $250,000. Claro Advisors LLC increased its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 61.1% in the 1st quarter. Claro Advisors LLC now owns 21,683 shares of the company’s stock valued at $987,000 after acquiring an additional 8,224 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of AdvisorShares Dorsey Wright ADR ETF by 17.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 18,230 shares of the company’s stock valued at $829,000 after acquiring an additional 2,742 shares during the period. Finally, Cetera Advisors LLC acquired a new position in shares of AdvisorShares Dorsey Wright ADR ETF in the 1st quarter valued at $119,000.

Shares of AdvisorShares Dorsey Wright ADR ETF stock traded down $0.68 during trading on Friday, reaching $48.67. The company’s stock had a trading volume of 5,828 shares, compared to its average volume of 12,974. The company has a 50-day moving average price of $50.40 and a two-hundred day moving average price of $47.25. AdvisorShares Dorsey Wright ADR ETF has a fifty-two week low of $38.15 and a fifty-two week high of $54.14.

About AdvisorShares Dorsey Wright ADR ETF

WCM/BNY Mellon Focused Growth ADR ETF (the Fund) is an exchange-traded fund. The Fund’s investment objective is long-term capital appreciation above international benchmarks, such as the MSCI EAFE Index and the BNY Mellon Classic ADR Index. The Fund provides large-capital growth portfolio for the non-United States universe.

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Institutional Ownership by Quarter for AdvisorShares Dorsey Wright ADR ETF (NYSEARCA:AADR)

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