AE Wealth Management LLC Trims Stock Position in AdvisorShares Focused Equity ETF (NYSEARCA:CWS)

AE Wealth Management LLC cut its stake in shares of AdvisorShares Focused Equity ETF (NYSEARCA:CWS) by 6.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,103 shares of the company’s stock after selling 435 shares during the period. AE Wealth Management LLC owned approximately 0.23% of AdvisorShares Focused Equity ETF worth $400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of AdvisorShares Focused Equity ETF by 100.0% during the 4th quarter. NewEdge Advisors LLC now owns 400 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of AdvisorShares Focused Equity ETF during the 1st quarter worth approximately $36,000. NBC Securities Inc. purchased a new position in shares of AdvisorShares Focused Equity ETF during the 1st quarter worth approximately $59,000. Cornerstone Wealth Management LLC purchased a new position in shares of AdvisorShares Focused Equity ETF during the 1st quarter worth approximately $237,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of 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 buying an additional 463 shares in the last quarter. 7.19% of the stock is owned by hedge funds and other institutional investors.

AdvisorShares Focused Equity ETF Trading Down 0.1%

Shares of CWS stock opened at $69.96 on Wednesday. The company has a market cap of $192.39 million, a price-to-earnings ratio of 148.85 and a beta of 0.93. The stock has a 50 day simple moving average of $68.88 and a 200-day simple moving average of $66.80. AdvisorShares Focused Equity ETF has a 12-month low of $58.36 and a 12-month high of $71.75.

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.