AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL) Stock Price Down 0.3% – Time to Sell?

AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL)’s share price dropped 0.3% during mid-day trading on Friday . The company traded as low as $12.11 and last traded at $12.20. Approximately 496,105 shares traded hands during trading, a decline of 45% from the average daily volume of 898,960 shares. The stock had previously closed at $12.24.

AGF U.S. Market Neutral Anti-Beta Fund Stock Down 0.3%

The stock has a market capitalization of $313.54 million, a price-to-earnings ratio of 17.67 and a beta of -0.61. The business’s 50 day simple moving average is $13.08 and its 200-day simple moving average is $13.94.

Institutional Investors Weigh In On AGF U.S. Market Neutral Anti-Beta Fund

A number of large investors have recently bought and sold shares of the company. Crescent Grove Advisors LLC acquired a new stake in AGF U.S. Market Neutral Anti-Beta Fund during the first quarter worth about $6,614,000. Bank of New York Mellon Corp grew its stake in AGF U.S. Market Neutral Anti-Beta Fund by 59.4% during the first quarter. Bank of New York Mellon Corp now owns 27,235 shares of the company’s stock worth $380,000 after buying an additional 10,146 shares in the last quarter. Worth Asset Management LLC boosted its stake in shares of AGF U.S. Market Neutral Anti-Beta Fund by 20.5% in the 1st quarter. Worth Asset Management LLC now owns 30,472 shares of the company’s stock valued at $425,000 after purchasing an additional 5,190 shares in the last quarter. PMV Capital Advisers LLC boosted its stake in shares of AGF U.S. Market Neutral Anti-Beta Fund by 14.0% in the 1st quarter. PMV Capital Advisers LLC now owns 246,621 shares of the company’s stock valued at $3,443,000 after purchasing an additional 30,234 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in AGF U.S. Market Neutral Anti-Beta Fund by 2,091.7% during the 4th quarter. Advisory Services Network LLC now owns 329,604 shares of the company’s stock worth $4,743,000 after buying an additional 314,565 shares during the period.

AGF U.S. Market Neutral Anti-Beta Fund Company Profile

The AGFiQ U.S. Market Neutral Anti-Beta Fund (BTAL) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively managed fund that takes long positions in low beta US stocks, offset by short positions in high beta US stocks. BTAL was launched on Sep 13, 2011 and is managed by AGF.