Concorde Asset Management LLC acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,160 shares of the company’s stock, valued at approximately $1,220,000. AdvisorShares Dorsey Wright FSM US Core ETF makes up about 0.7% of Concorde Asset Management LLC’s investment portfolio, making the stock its 28th biggest position.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the second quarter worth approximately $4,499,000. Compass Financial Management LLC acquired a new stake in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at $41,029,000. Montanova Capital LLC acquired a new stake in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at $620,334,000. A. D. Beadell Investment Counsel Inc. bought a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter valued at $5,249,000. Finally, Raymond James Financial Inc. acquired a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter worth $141,000.
AdvisorShares Dorsey Wright FSM US Core ETF Stock Performance
DWUS opened at $59.27 on Wednesday. The company has a 50-day moving average of $59.64 and a 200-day moving average of $57.72. The company has a market capitalization of $121.51 million, a P/E ratio of 27.28 and a beta of 1.01. AdvisorShares Dorsey Wright FSM US Core ETF has a 1-year low of $49.38 and a 1-year high of $63.93.
AdvisorShares Dorsey Wright FSM US Core ETF Company Profile
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.
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