Kovack Advisors Inc. Acquires 16,906 Shares of AdvisorShares Focused Equity ETF (NYSEARCA:CWS)

Kovack Advisors Inc. raised its holdings in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) by 338.8% during the first quarter, HoldingsChannel.com reports. The fund owned 21,896 shares of the company’s stock after purchasing an additional 16,906 shares during the period. Kovack Advisors Inc.’s holdings in AdvisorShares Focused Equity ETF were worth $1,395,000 at the end of the most recent reporting period.

Separately, Zimmermann Investment Management & Planning LLC lifted its holdings in shares of AdvisorShares Focused Equity ETF by 6.2% in the fourth quarter. Zimmermann Investment Management & Planning LLC now owns 21,594 shares of the company’s stock worth $1,281,000 after acquiring an additional 1,254 shares during the last quarter.

AdvisorShares Focused Equity ETF Trading Up 0.3 %

Shares of AdvisorShares Focused Equity ETF stock opened at $62.19 on Friday. The firm’s 50 day moving average is $62.37 and its 200 day moving average is $61.30. The firm has a market capitalization of $148.01 million, a PE ratio of 25.88 and a beta of 0.85. AdvisorShares Focused Equity ETF has a 1 year low of $48.50 and a 1 year high of $64.28.

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.