Madrona Financial Services LLC Has $11.41 Million Stake in AdvisorShares Trust (NYSEARCA:FWDI)

Madrona Financial Services LLC lessened its holdings in AdvisorShares Trust (NYSEARCA:FWDI) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,248 shares of the company’s stock after selling 3,375 shares during the quarter. AdvisorShares Trust accounts for approximately 9.6% of Madrona Financial Services LLC’s holdings, making the stock its 3rd biggest holding. Madrona Financial Services LLC owned approximately 86.41% of AdvisorShares Trust worth $11,410,000 at the end of the most recent quarter.

Separately, Virtu Financial LLC acquired a new position in AdvisorShares Trust during the 4th quarter worth about $454,000.

Shares of AdvisorShares Trust stock traded down $0.44 during midday trading on Thursday, reaching $31.36. 2,327 shares of the company traded hands, compared to its average volume of 1,497. AdvisorShares Trust has a 1-year low of $25.83 and a 1-year high of $33.10.

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