Nova Wealth Management Inc. lessened its holdings in AdvisorShares Focused Equity ETF (NYSEARCA:CWS – Free Report) by 18.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 14,559 shares of the company’s stock after selling 3,204 shares during the quarter. Nova Wealth Management Inc.’s holdings in AdvisorShares Focused Equity ETF were worth $953,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CWS. Golden State Wealth Management LLC acquired a new stake in AdvisorShares Focused Equity ETF in the 1st quarter worth about $36,000. NBC Securities Inc. acquired a new position in AdvisorShares Focused Equity ETF in the first quarter valued at approximately $59,000. Geneos Wealth Management Inc. lifted its holdings in AdvisorShares Focused Equity ETF by 202.5% in the first quarter. Geneos Wealth Management Inc. now owns 3,025 shares of the company’s stock valued at $198,000 after acquiring an additional 2,025 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in AdvisorShares Focused Equity ETF in the first quarter valued at approximately $237,000. Finally, Citadel Advisors LLC acquired a new position in AdvisorShares Focused Equity ETF in the fourth quarter valued at approximately $297,000. 7.19% of the stock is currently owned by institutional investors and hedge funds.
AdvisorShares Focused Equity ETF Stock Up 1.8%
Shares of NYSEARCA CWS opened at $69.96 on Friday. The firm has a market cap of $192.39 million, a price-to-earnings ratio of 148.85 and a beta of 0.93. AdvisorShares Focused Equity ETF has a 52-week low of $58.36 and a 52-week high of $71.75. The business’s 50 day moving average is $69.19 and its two-hundred day moving average is $67.19.
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.
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