MML Investors Services LLC Makes New $311,000 Investment in AdvisorShares Focused Equity ETF (NYSEARCA:CWS)

MML Investors Services LLC purchased a new position in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,521 shares of the company’s stock, valued at approximately $311,000. MML Investors Services LLC owned 0.19% of AdvisorShares Focused Equity ETF at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Catalytic Wealth RIA LLC boosted its position in shares of AdvisorShares Focused Equity ETF by 5.7% in the second quarter. Catalytic Wealth RIA LLC now owns 12,942 shares of the company’s stock valued at $805,000 after acquiring an additional 699 shares during the period. Wedbush Securities Inc. purchased a new stake in AdvisorShares Focused Equity ETF in the 2nd quarter worth approximately $331,000. Cetera Investment Advisers boosted its holdings in AdvisorShares Focused Equity ETF by 11.4% in the 2nd quarter. Cetera Investment Advisers now owns 27,633 shares of the company’s stock valued at $1,718,000 after purchasing an additional 2,838 shares during the period. NBC Securities Inc. purchased a new position in shares of AdvisorShares Focused Equity ETF during the 3rd quarter valued at $47,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of AdvisorShares Focused Equity ETF in the third quarter worth $217,000.

AdvisorShares Focused Equity ETF Stock Performance

NYSEARCA:CWS opened at $66.33 on Wednesday. AdvisorShares Focused Equity ETF has a 52-week low of $57.62 and a 52-week high of $71.75. The stock has a fifty day moving average of $69.45 and a 200 day moving average of $66.88. The firm has a market capitalization of $157.87 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.