AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Trading Down 3.8% – Time to Sell?

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS)’s share price fell 3.8% during mid-day trading on Tuesday . The company traded as low as $61.19 and last traded at $61.52. 2,166 shares changed hands during trading, an increase of 14% from the average daily volume of 1,902 shares. The stock had previously closed at $63.93.

AdvisorShares Dorsey Wright FSM US Core ETF Price Performance

The business has a 50 day simple moving average of $59.16 and a 200 day simple moving average of $55.71. The company has a market cap of $130.42 million, a price-to-earnings ratio of 27.28 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in AdvisorShares Dorsey Wright FSM US Core ETF by 1.6% in the fourth quarter. Osaic Holdings Inc. now owns 410,508 shares of the company’s stock valued at $22,257,000 after acquiring an additional 6,421 shares during the last quarter. MML Investors Services LLC boosted its position in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 21.7% during the fourth quarter. MML Investors Services LLC now owns 32,283 shares of the company’s stock worth $1,750,000 after purchasing an additional 5,767 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in AdvisorShares Dorsey Wright FSM US Core ETF by 4.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,471 shares of the company’s stock valued at $513,000 after acquiring an additional 375 shares during the period. Logan Capital Management Inc. acquired a new position in shares of AdvisorShares Dorsey Wright FSM US Core ETF in the 4th quarter valued at approximately $434,000. Finally, Private Advisory Group LLC boosted its holdings in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 7.6% in the fourth quarter. Private Advisory Group LLC now owns 4,449 shares of the company’s stock valued at $241,000 after buying an additional 316 shares during the period.

AdvisorShares Dorsey Wright FSM US Core ETF Company Profile

The AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) is an exchange-traded fund that is based on the S&P 500 Managed Risk 2.0 index. The fund is an actively managed fund of funds of US large-caps that follows a proprietary rules-based momentum strategy and seeks long-term capital appreciation. DWUS was launched on Dec 26, 2019 and is managed by AdvisorShares.