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

Kovack Advisors Inc. lifted its position in AdvisorShares Focused Equity ETF (NYSEARCA:CWSFree Report) by 338.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,896 shares of the company’s stock after buying an additional 16,906 shares during the period. Kovack Advisors Inc. owned about 0.92% of AdvisorShares Focused Equity ETF worth $1,395,000 as of its most recent SEC filing.

Separately, Zimmermann Investment Management & Planning LLC lifted its stake in 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 valued at $1,281,000 after buying an additional 1,254 shares in the last quarter.

AdvisorShares Focused Equity ETF Stock Up 0.3 %

Shares of CWS stock opened at $62.19 on Friday. AdvisorShares Focused Equity ETF has a 12-month low of $48.50 and a 12-month high of $64.28. The firm has a fifty day moving average of $62.37 and a 200-day moving average of $61.30. The company has a market capitalization of $148.01 million, a price-to-earnings ratio of 25.88 and a beta of 0.85.

About AdvisorShares Focused Equity ETF

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AdvisorShares Focused Equity ETF (NYSEARCA:CWS)

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