33,881 Shares in AdvisorShares Focused Equity ETF $CWS Purchased by Stone Wealth Partners

Stone Wealth Partners bought a new stake in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,881 shares of the company’s stock, valued at approximately $2,329,000. AdvisorShares Focused Equity ETF comprises about 2.1% of Stone Wealth Partners’ holdings, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aviso Financial Inc. lifted its holdings in shares of AdvisorShares Focused Equity ETF by 8.9% during the third quarter. Aviso Financial Inc. now owns 3,392 shares of the company’s stock worth $233,000 after buying an additional 278 shares during the last quarter. Beacon Pointe Advisors LLC grew its stake in shares of AdvisorShares Focused Equity ETF by 9.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock worth $491,000 after acquiring an additional 600 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of AdvisorShares Focused Equity ETF by 6.1% in the third quarter. Envestnet Asset Management Inc. now owns 11,101 shares of the company’s stock worth $762,000 after acquiring an additional 641 shares during the last quarter. MML Investors Services LLC increased its position in AdvisorShares Focused Equity ETF by 11.0% during the fourth quarter. MML Investors Services LLC now owns 8,216 shares of the company’s stock worth $565,000 after acquiring an additional 815 shares during the period. Finally, D.A. Davidson & CO. increased its position in AdvisorShares Focused Equity ETF by 11.7% during the fourth quarter. D.A. Davidson & CO. now owns 9,800 shares of the company’s stock worth $674,000 after acquiring an additional 1,025 shares during the period. Institutional investors and hedge funds own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Price Performance

NYSEARCA:CWS opened at $67.21 on Friday. AdvisorShares Focused Equity ETF has a one year low of $63.09 and a one year high of $72.08. The company has a fifty day moving average price of $67.63 and a 200 day moving average price of $68.13. The stock has a market cap of $152.57 million, a P/E ratio of 143.00 and a beta of 0.92.

AdvisorShares Focused Equity ETF 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.