TrueWealth Advisors LLC Has $870,000 Stock Holdings in AdvisorShares Focused Equity ETF $CWS

TrueWealth Advisors LLC raised its holdings in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) by 38.4% in the second quarter, Holdings Channel.com reports. The fund owned 12,431 shares of the company’s stock after acquiring an additional 3,446 shares during the quarter. TrueWealth Advisors LLC’s holdings in AdvisorShares Focused Equity ETF were worth $870,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in AdvisorShares Focused Equity ETF in the first quarter valued at approximately $36,000. NBC Securities Inc. bought a new position in shares of AdvisorShares Focused Equity ETF in the first quarter valued at approximately $59,000. Geneos Wealth Management Inc. raised its position in shares of AdvisorShares Focused Equity ETF by 202.5% in the first quarter. Geneos Wealth Management Inc. now owns 3,025 shares of the company’s stock valued at $198,000 after purchasing an additional 2,025 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of AdvisorShares Focused Equity ETF in the first quarter valued at approximately $237,000. Finally, HighTower Advisors LLC bought a new position in shares of AdvisorShares Focused Equity ETF in the first quarter valued at approximately $300,000. 7.19% of the stock is currently owned by institutional investors and hedge funds.

AdvisorShares Focused Equity ETF Stock Down 1.0%

NYSEARCA:CWS opened at $69.29 on Friday. AdvisorShares Focused Equity ETF has a 12 month low of $58.36 and a 12 month high of $71.75. The firm has a market cap of $190.55 million, a price-to-earnings ratio of 147.43 and a beta of 0.93. The company’s 50 day moving average is $69.16 and its 200-day moving average is $67.21.

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.