Silverlake Wealth Management LLC Purchases 99 Shares of AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE)

Silverlake Wealth Management LLC lifted its position in AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,037 shares of the company’s stock after purchasing an additional 99 shares during the quarter. Silverlake Wealth Management LLC owned about 1.00% of AdvisorShares Insiders Advantage ETF worth $450,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Waverly Advisors LLC purchased a new stake in AdvisorShares Insiders Advantage ETF during the fourth quarter valued at about $612,000. Raymond James Financial Inc. bought a new stake in shares of AdvisorShares Insiders Advantage ETF during the fourth quarter valued at approximately $531,000. Finally, Citadel Advisors LLC bought a new stake in shares of AdvisorShares Insiders Advantage ETF during the 4th quarter valued at $238,000.

AdvisorShares Insiders Advantage ETF Stock Performance

Shares of AdvisorShares Insiders Advantage ETF stock opened at $119.34 on Wednesday. The company has a market capitalization of $47.74 million, a P/E ratio of 14.07 and a beta of 0.98. The company has a fifty day moving average of $114.86 and a 200 day moving average of $114.23. AdvisorShares Insiders Advantage ETF has a fifty-two week low of $98.09 and a fifty-two week high of $126.78.

AdvisorShares Insiders Advantage ETF Profile

The AdvisorShares Insider Advantage ETF (SURE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US stocks selected using a proprietary model that follows insider buying and stock buyback strategies. SURE was launched on Sep 1, 2022 and is managed by AdvisorShares.