Stone Wealth Partners Takes Position in AdvisorShares Focused Equity ETF $CWS

Stone Wealth Partners acquired a new stake in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 33,881 shares of the company’s stock, valued at approximately $2,329,000. AdvisorShares Focused Equity ETF makes up 2.1% of Stone Wealth Partners’ portfolio, making the stock its 16th largest holding. Stone Wealth Partners owned 1.32% of AdvisorShares Focused Equity ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWS. Cibc World Market Inc. grew its holdings in AdvisorShares Focused Equity ETF by 1.9% during the fourth quarter. Cibc World Market Inc. now owns 127,503 shares of the company’s stock valued at $8,763,000 after purchasing an additional 2,320 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of AdvisorShares Focused Equity ETF by 4.7% in the fourth quarter. Kestra Advisory Services LLC now owns 96,464 shares of the company’s stock valued at $6,630,000 after purchasing an additional 4,365 shares during the period. Stifel Financial Corp lifted its stake in shares of AdvisorShares Focused Equity ETF by 4.3% in the fourth quarter. Stifel Financial Corp now owns 91,729 shares of the company’s stock worth $6,304,000 after buying an additional 3,793 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of AdvisorShares Focused Equity ETF by 5.5% in the fourth quarter. Cetera Investment Advisers now owns 66,128 shares of the company’s stock worth $4,545,000 after buying an additional 3,420 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of AdvisorShares Focused Equity ETF by 2,262.3% during the 3rd quarter. Raymond James Financial Inc. now owns 29,080 shares of the company’s stock worth $1,996,000 after buying an additional 27,849 shares during the period. 7.19% of the stock is currently owned by institutional investors and hedge funds.

AdvisorShares Focused Equity ETF Trading Down 0.2%

NYSEARCA CWS opened at $67.21 on Friday. AdvisorShares Focused Equity ETF has a 1 year low of $63.09 and a 1 year high of $72.08. The company has a fifty day simple moving average of $67.63 and a 200 day simple moving average of $68.13. The company has a market cap of $152.57 million, a P/E ratio of 143.00 and a beta of 0.92.

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.