United Advisor Group LLC Makes New $1.37 Million Investment in AdvisorShares Focused Equity ETF $CWS

United Advisor Group LLC acquired a new position in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,988 shares of the company’s stock, valued at approximately $1,374,000.

Several other hedge funds have also bought and sold shares of CWS. Raymond James Financial Inc. purchased a new stake in AdvisorShares Focused Equity ETF in the 2nd quarter worth approximately $86,000. Global Assets Advisory LLC purchased a new stake in AdvisorShares Focused Equity ETF in the 3rd quarter worth approximately $205,000. Aviso Financial Inc. boosted its position in AdvisorShares Focused Equity ETF by 8.9% in the 3rd quarter. Aviso Financial Inc. now owns 3,392 shares of the company’s stock worth $233,000 after purchasing an additional 278 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in AdvisorShares Focused Equity ETF by 7.7% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,503 shares of the company’s stock worth $240,000 after purchasing an additional 249 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its position in AdvisorShares Focused Equity ETF by 9.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,640 shares of the company’s stock worth $318,000 after purchasing an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Price Performance

Shares of NYSEARCA:CWS opened at $66.73 on Friday. AdvisorShares Focused Equity ETF has a 1 year low of $60.80 and a 1 year high of $72.08. The firm has a market capitalization of $157.48 million, a price-to-earnings ratio of 141.98 and a beta of 0.98. The business’s 50 day moving average price is $66.89 and its 200-day moving average price is $68.25.

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. CWS was launched on Sep 20, 2016 and is managed by AdvisorShares.