AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL) Stock Price Down 2.6% – Time to Sell?

Shares of AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL) fell 2.6% during trading on Friday. The stock traded as low as $13.24 and last traded at $13.25. Approximately 1,893,665 shares traded hands during trading, an increase of 122% from the average session volume of 852,805 shares. The stock had previously closed at $13.61.

AGF U.S. Market Neutral Anti-Beta Fund Trading Down 2.6%

The company has a market capitalization of $336.55 million, a PE ratio of 17.49 and a beta of -0.68. The firm has a fifty day moving average of $12.50 and a two-hundred day moving average of $12.66.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crescent Grove Advisors LLC bought a new stake in AGF U.S. Market Neutral Anti-Beta Fund during the 1st quarter valued at about $6,614,000. Collaborative Fund Advisors LLC purchased a new position in AGF U.S. Market Neutral Anti-Beta Fund in the third quarter worth about $1,794,000. Farther Finance Advisors LLC lifted its stake in shares of AGF U.S. Market Neutral Anti-Beta Fund by 939.7% in the third quarter. Farther Finance Advisors LLC now owns 42,356 shares of the company’s stock worth $508,000 after buying an additional 38,282 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AGF U.S. Market Neutral Anti-Beta Fund by 59.4% in 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. Finally, CoreCap Advisors LLC purchased a new stake in shares of AGF U.S. Market Neutral Anti-Beta Fund during the second quarter valued at approximately $36,000.

About AGF U.S. Market Neutral Anti-Beta Fund

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.