AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Shares Down 3.8% – Here’s Why

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS)’s share price fell 3.8% on Tuesday . The stock traded as low as $61.19 and last traded at $61.52. Approximately 2,166 shares were traded during trading, an increase of 14% from the average session volume of 1,902 shares. The stock had previously closed at $63.93.

AdvisorShares Dorsey Wright FSM US Core ETF Trading Up 1.9%

The firm’s fifty day moving average is $59.30 and its 200-day moving average is $55.75. The stock has a market capitalization of $132.03 million, a PE ratio of 27.28 and a beta of 1.01.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright FSM US Core ETF

Institutional investors have recently modified their holdings of the business. Logan Capital Management Inc. purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the 4th quarter worth $434,000. Osaic Holdings Inc. boosted its position in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 1.6% in the fourth quarter. Osaic Holdings Inc. now owns 410,508 shares of the company’s stock worth $22,257,000 after acquiring an additional 6,421 shares during the last quarter. MML Investors Services LLC raised its position in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 21.7% in the 4th quarter. MML Investors Services LLC now owns 32,283 shares of the company’s stock worth $1,750,000 after buying an additional 5,767 shares during the period. Raymond James Financial Inc. acquired a new stake in AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter worth approximately $141,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,471 shares of the company’s stock valued at $513,000 after acquiring an additional 375 shares in the last quarter.

About AdvisorShares Dorsey Wright FSM US Core ETF

The AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) is an exchange-traded fund that is based on the S&P 500 Managed Risk 2.0 index. The fund is an actively managed fund of funds of US large-caps that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation. DWUS was launched on Dec 26, 2019 and is managed by AdvisorShares.