AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Shares Down 0.4% – Here’s What Happened

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) shares were down 0.4% on Thursday. The company traded as low as $58.57 and last traded at $58.4610. Approximately 38 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 1,511 shares. The stock had previously closed at $58.72.

AdvisorShares Dorsey Wright FSM US Core ETF Stock Down 1.8%

The business’s 50 day simple moving average is $59.09 and its 200 day simple moving average is $57.54. The company has a market capitalization of $117.88 million, a PE ratio of 27.28 and a beta of 1.01.

Institutional Trading of AdvisorShares Dorsey Wright FSM US Core ETF

Several hedge funds and other institutional investors have recently modified their holdings of DWUS. Envestnet Asset Management Inc. acquired a new position in AdvisorShares Dorsey Wright FSM US Core ETF in the 2nd quarter valued at approximately $1,185,000. Concorde Asset Management LLC purchased a new stake in AdvisorShares Dorsey Wright FSM US Core ETF in the 2nd quarter worth approximately $1,220,000. Integrated Wealth Concepts LLC acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter valued at $369,000. NewEdge Advisors LLC acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter valued at $51,000. Finally, Corient Private Wealth LP acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter valued at $17,916,000.

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.