Golden State Wealth Management LLC Invests $36,000 in AdvisorShares Focused Equity ETF (NYSEARCA:CWS)

Golden State Wealth Management LLC purchased a new position in shares of AdvisorShares Focused Equity ETF (NYSEARCA:CWS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 550 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors also recently modified their holdings of the business. Cornerstone Wealth Management LLC acquired a new position in AdvisorShares Focused Equity ETF in the 1st quarter worth about $237,000. Mason & Associates Inc increased its holdings in AdvisorShares Focused Equity ETF by 6.2% in the 1st quarter. Mason & Associates Inc now owns 39,442 shares of the company’s stock worth $2,582,000 after purchasing an additional 2,297 shares in the last quarter. TrueWealth Advisors LLC increased its holdings in AdvisorShares Focused Equity ETF by 51.4% in the 1st quarter. TrueWealth Advisors LLC now owns 8,985 shares of the company’s stock worth $588,000 after purchasing an additional 3,049 shares in the last quarter. Merit Financial Group LLC increased its holdings in AdvisorShares Focused Equity ETF by 23.0% in the 1st quarter. Merit Financial Group LLC now owns 19,705 shares of the company’s stock worth $1,290,000 after purchasing an additional 3,689 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in AdvisorShares Focused Equity ETF in the 1st quarter worth about $59,000. Institutional investors and hedge funds own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Stock Up 0.8%

Shares of CWS opened at $70.83 on Monday. AdvisorShares Focused Equity ETF has a 12-month low of $58.36 and a 12-month high of $71.75. The business has a 50-day simple moving average of $67.93 and a two-hundred day simple moving average of $66.29. The stock has a market cap of $194.78 million, a PE ratio of 150.70 and a beta of 0.93.

AdvisorShares Focused Equity ETF Company 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.