Next Financial Group’s AdvisorShares Ranger Equity Bear ETF HDGE Stock Holding History

Next Financial Group’s Portfolio HDGE Stock Details HDGE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-4,450	Closed	-$471K	–	2394
2016 Q2	$471K	Buy	+4,450	New	+$470K	0.15%	146
2016 Q1	–	Sell	-4,390	Closed	-$472K	–	1782
2015 Q4	$472K	Buy	4,390 +700	+19%	+$74.7K	0.18%	134
2015 Q3	$421K	Buy	+3,690	New	+$413K	0.15%	149

Other funds holding HDGE

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

HighTower Advisors Chicago, Illinois $94.2B AUM 21.24% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Janney Montgomery Scott Philadelphia, Pennsylvania $40.4B AUM 21.2% 1-Year Est. Return

Commonwealth Equity Services Waltham, Massachusetts $71.6B AUM 21.08% 1-Year Est. Return

Stifel Financial St. Louis, Missouri $109B AUM 21.36% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

NPC

National Planning Corporation El Segundo, California $726K AUM 14.28% 1-Year Est. Return

Next Financial Group's HDGE Position: Q3 2016 in Review

Next Financial Group sold out of AdvisorShares Ranger Equity Bear ETF (HDGE) in Q3 2016, closing a stake of 4,450 shares — an estimated $471K sold.

Next Financial Group first reported a position in HDGE in Q3 2015 and held it in 3 quarters. The position peaked at $472K in Q4 2015. 34 funds tracked by Wall St. Rank hold HDGE as of Q3 2016.

Next Financial Group reported no remaining AdvisorShares Ranger Equity Bear ETF position as of Q3 2016 after selling out during the quarter.
Next Financial Group sold 4,450 AdvisorShares Ranger Equity Bear ETF shares in Q3 2016, an estimated $471K.
Next Financial Group first reported a position in AdvisorShares Ranger Equity Bear ETF in Q3 2015 and held it in 3 quarters.
Next Financial Group's AdvisorShares Ranger Equity Bear ETF position peaked at $472K in Q4 2015.
34 funds tracked by Wall St. Rank held AdvisorShares Ranger Equity Bear ETF as of Q3 2016.

Based on Next Financial Group's 13F filing for Q3 2016, filed 1 Nov 2016.