AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL) Stock Price Up 1.2% – Should You Buy?

AGF U.S. Market Neutral Anti-Beta Fund (NYSEARCA:BTAL)’s share price traded up 1.2% during mid-day trading on Thursday . The stock traded as high as $14.14 and last traded at $13.98. 644,122 shares were traded during trading, a decline of 29% from the average session volume of 908,640 shares. The stock had previously closed at $13.81.

AGF U.S. Market Neutral Anti-Beta Fund Stock Performance

The company’s 50 day moving average price is $14.05 and its 200 day moving average price is $14.62. The company has a market cap of $324.34 million, a price-to-earnings ratio of 17.67 and a beta of -0.66.

Hedge Funds Weigh In On AGF U.S. Market Neutral Anti-Beta Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in AGF U.S. Market Neutral Anti-Beta Fund by 2,091.7% during the fourth 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 last quarter. PMV Capital Advisers LLC boosted its holdings in shares of AGF U.S. Market Neutral Anti-Beta Fund by 35.5% in the 3rd quarter. PMV Capital Advisers LLC now owns 204,763 shares of the company’s stock worth $3,260,000 after acquiring an additional 53,603 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of AGF U.S. Market Neutral Anti-Beta Fund in the 4th quarter worth approximately $364,000. Creative Financial Designs Inc. ADV grew its position in AGF U.S. Market Neutral Anti-Beta Fund by 2.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 224,292 shares of the company’s stock worth $3,571,000 after acquiring an additional 5,487 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in AGF U.S. Market Neutral Anti-Beta Fund during the 3rd quarter worth approximately $70,000.

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.