Compass Ion Advisors LLC cut its position in shares of AdvisorShares Focused Equity ETF (NYSEARCA:CWS – Free Report) by 5.4% in the third quarter, Holdings Channel.com reports. The firm owned 3,097 shares of the company’s stock after selling 177 shares during the quarter. Compass Ion Advisors LLC’s holdings in AdvisorShares Focused Equity ETF were worth $213,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CWS. Cetera Investment Advisers purchased a new position in shares of AdvisorShares Focused Equity ETF during the 1st quarter worth about $1,579,000. Kovack Advisors Inc. boosted its stake in shares of AdvisorShares Focused Equity ETF by 338.8% during the 1st quarter. Kovack Advisors Inc. now owns 21,896 shares of the company’s stock worth $1,395,000 after purchasing an additional 16,906 shares during the period. Catalytic Wealth RIA LLC purchased a new position in shares of AdvisorShares Focused Equity ETF during the 1st quarter worth about $780,000. Koshinski Asset Management Inc. bought a new stake in AdvisorShares Focused Equity ETF during the 1st quarter valued at about $431,000. Finally, Wedbush Securities Inc. bought a new stake in AdvisorShares Focused Equity ETF during the 2nd quarter valued at about $331,000.
AdvisorShares Focused Equity ETF Price Performance
Shares of CWS opened at $70.24 on Monday. AdvisorShares Focused Equity ETF has a 1-year low of $48.50 and a 1-year high of $70.25. The company has a 50-day moving average of $67.64 and a 200 day moving average of $64.49. The firm has a market capitalization of $167.17 million, a price-to-earnings ratio of 25.88 and a beta of 0.85.
About AdvisorShares Focused Equity ETF
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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