19,988 Shares in AdvisorShares Focused Equity ETF $CWS Purchased by United Advisor Group LLC

United Advisor Group LLC acquired a new position in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,988 shares of the company’s stock, valued at approximately $1,374,000. United Advisor Group LLC owned 0.77% of AdvisorShares Focused Equity ETF at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in AdvisorShares Focused Equity ETF in the second quarter worth about $86,000. Global Assets Advisory LLC bought a new position in AdvisorShares Focused Equity ETF in the third quarter worth about $205,000. Aviso Financial Inc. raised its holdings in AdvisorShares Focused Equity ETF by 8.9% in the third quarter. Aviso Financial Inc. now owns 3,392 shares of the company’s stock worth $233,000 after purchasing an additional 278 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in AdvisorShares Focused Equity ETF by 7.7% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,503 shares of the company’s stock worth $240,000 after purchasing an additional 249 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in AdvisorShares Focused Equity ETF by 9.5% in the third quarter. Cornerstone Wealth Management LLC now owns 4,640 shares of the company’s stock worth $318,000 after purchasing an additional 402 shares in the last quarter. 7.19% of the stock is owned by hedge funds and other institutional investors.

AdvisorShares Focused Equity ETF Stock Down 1.2%

Shares of AdvisorShares Focused Equity ETF stock opened at $66.73 on Friday. The firm’s 50 day moving average price is $66.89 and its 200-day moving average price is $68.25. AdvisorShares Focused Equity ETF has a 52-week low of $60.80 and a 52-week high of $72.08. The company has a market cap of $157.48 million, a P/E ratio of 141.98 and a beta of 0.98.

AdvisorShares Focused Equity ETF Company Profile

The AdvisorShares Focused Equity ETF (CWS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively-managed ETF that aims to achieve long-term capital appreciation and outperform the S&P 500 Index by holding a focused group of US-listed stocks using proprietary models. CWS was launched on Sep 20, 2016 and is managed by AdvisorShares.