Patriot Financial Group Insurance Agency LLC Raises Stock Holdings in AdvisorShares Focused Equity ETF $CWS

Patriot Financial Group Insurance Agency LLC boosted its position in shares of AdvisorShares Focused Equity ETF (NYSEARCA:CWS) by 100.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 23,986 shares of the company’s stock after acquiring an additional 11,993 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in AdvisorShares Focused Equity ETF were worth $1,553,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Aviso Financial Inc. grew its holdings 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 acquiring an additional 278 shares during the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of AdvisorShares Focused Equity ETF by 9.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock valued at $491,000 after acquiring an additional 600 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of AdvisorShares Focused Equity ETF by 6.1% during the third quarter. Envestnet Asset Management Inc. now owns 11,101 shares of the company’s stock valued at $762,000 after acquiring an additional 641 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of AdvisorShares Focused Equity ETF by 11.0% during the fourth quarter. MML Investors Services LLC now owns 8,216 shares of the company’s stock worth $565,000 after purchasing an additional 815 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of AdvisorShares Focused Equity ETF by 11.7% during the fourth quarter. D.A. Davidson & CO. now owns 9,800 shares of the company’s stock worth $674,000 after purchasing an additional 1,025 shares during the period. Hedge funds and other institutional investors own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Price Performance

NYSEARCA CWS opened at $68.06 on Tuesday. AdvisorShares Focused Equity ETF has a 1 year low of $63.09 and a 1 year high of $72.08. The stock has a market capitalization of $154.50 million, a PE ratio of 144.81 and a beta of 0.92. The business’s 50-day moving average is $67.74 and its 200 day moving average is $68.08.

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