AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Stock Break Above Two Hundred Day Moving Average – Here’s Why

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $57.63 and traded as high as $57.74. AdvisorShares Dorsey Wright FSM US Core ETF shares last traded at $57.78, with a volume of 1,241 shares traded.

AdvisorShares Dorsey Wright FSM US Core ETF Price Performance

The stock’s 50-day moving average is $58.68 and its 200 day moving average is $57.63. The stock has a market cap of $116.72 million, a price-to-earnings ratio of 24.27 and a beta of 1.02.

Institutional Trading of AdvisorShares Dorsey Wright FSM US Core ETF

A number of institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. acquired a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the second quarter worth $1,185,000. Concorde Asset Management LLC purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter worth $1,220,000. Integrated Wealth Concepts LLC purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter worth $369,000. NewEdge Advisors LLC acquired a new stake in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at $51,000. Finally, Corient Private Wealth LP acquired a new stake in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at $17,916,000.

About AdvisorShares Dorsey Wright FSM US Core ETF

(Get Free Report)

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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