LPL Financial LLC Has $7.50 Million Stock Position in AdvisorShares Focused Equity ETF (NYSEARCA:CWS)

LPL Financial LLC lessened its holdings in shares of AdvisorShares Focused Equity ETF (NYSEARCA:CWS) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 115,772 shares of the company’s stock after selling 3,061 shares during the quarter. LPL Financial LLC’s holdings in AdvisorShares Focused Equity ETF were worth $7,499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kovack Advisors Inc. increased its holdings in shares of AdvisorShares Focused Equity ETF by 0.9% in the fourth quarter. Kovack Advisors Inc. now owns 23,224 shares of the company’s stock worth $1,504,000 after acquiring an additional 210 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in AdvisorShares Focused Equity ETF by 14.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,757 shares of the company’s stock worth $243,000 after purchasing an additional 463 shares in the last quarter. Mason & Associates Inc increased its stake in AdvisorShares Focused Equity ETF by 4.0% during the 4th quarter. Mason & Associates Inc now owns 37,145 shares of the company’s stock worth $2,406,000 after purchasing an additional 1,413 shares in the last quarter. TrueWealth Advisors LLC raised its holdings in AdvisorShares Focused Equity ETF by 33.2% during the 4th quarter. TrueWealth Advisors LLC now owns 5,936 shares of the company’s stock worth $384,000 after buying an additional 1,478 shares during the period. Finally, Compass Ion Advisors LLC lifted its stake in AdvisorShares Focused Equity ETF by 52.0% in the fourth quarter. Compass Ion Advisors LLC now owns 4,708 shares of the company’s stock valued at $305,000 after buying an additional 1,611 shares in the last quarter.

AdvisorShares Focused Equity ETF Stock Down 5.2 %

AdvisorShares Focused Equity ETF stock opened at $61.02 on Friday. AdvisorShares Focused Equity ETF has a twelve month low of $59.61 and a twelve month high of $71.75. The company has a 50 day moving average of $66.13 and a 200-day moving average of $67.56. The stock has a market capitalization of $164.14 million, a PE ratio of 24.38 and a beta of 0.97.

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.