AdvisorShares Let Bob AI Powered Momentum ETF
LETB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Feb 9, 2022
- CIK
- 0001408970
- Similar Companies
- Business
- AdvisorShares Let Bob AI Powered Momentum ETF (LETB) is an actively managed exchange-traded fund that provides exposure to U.S. equities through an investment strategy powered by artificial intelligence, incorporating sentiment, fundamental, and technical analysis to select stocks exhibiting positive momentum across any market capitalization; the fund primarily invests in U.S. exchange-listed common stocks of large-, mid-, and small-cap companies anticipated to continue positive performance trends. Sponsored by AdvisorShares Investments, LLC, a Bethesda, Maryland-based investment management firm founded in 2006 that offers a range of actively managed thematic and equity ETFs, LETB launched on the New York Stock Exchange in February 2022 and targeted investors seeking core equity positions with alpha potential from AI-driven momentum strategies. The ETF ceased trading on October 13, 2023, following an announcement by AdvisorShares Trust on September 25, 2023, to liquidate the fund, with proceeds distributed to shareholders at $22.84367 per share on October 20, 2023; this marked a significant operational closure amid AdvisorShares' ongoing portfolio rationalization efforts. As of that time, the fund managed approximately $22.78 million in net assets within the large growth category, reflecting challenges in achieving sustained scale. AdvisorShares, headquartered at 4800 Montgomery Lane, Suite 150, Bethesda, Maryland 20814, continues to operate other ETFs focused on sectors such as cannabis, multi-asset tactical strategies, and international equities, with no reported recent partnerships, acquisitions, or new launches directly tied to LETB post-liquidation.