Montanova Capital LLC Takes Position in AdvisorShares Dorsey Wright FSM US Core ETF $DWUS

Montanova Capital LLC acquired a new position in AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 9,738,524 shares of the company’s stock, valued at approximately $620,334,000. AdvisorShares Dorsey Wright FSM US Core ETF makes up 10.3% of Montanova Capital LLC’s investment portfolio, making the stock its largest holding. Montanova Capital LLC owned 4.75% of AdvisorShares Dorsey Wright FSM US Core ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of DWUS. Osaic Holdings Inc. lifted its position in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 1.6% during the fourth quarter. Osaic Holdings Inc. now owns 410,508 shares of the company’s stock worth $22,257,000 after acquiring an additional 6,421 shares in the last quarter. A. D. Beadell Investment Counsel Inc. purchased a new position in shares of AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at $5,249,000. MML Investors Services LLC grew its position in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 21.7% in the fourth quarter. MML Investors Services LLC now owns 32,283 shares of the company’s stock valued at $1,750,000 after purchasing an additional 5,767 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 4.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,471 shares of the company’s stock valued at $513,000 after purchasing an additional 375 shares during the period. Finally, Logan Capital Management Inc. bought a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the 4th quarter valued at $434,000.

AdvisorShares Dorsey Wright FSM US Core ETF Stock Performance

Shares of DWUS opened at $59.57 on Tuesday. AdvisorShares Dorsey Wright FSM US Core ETF has a 52-week low of $49.38 and a 52-week high of $63.93. The stock’s 50-day simple moving average is $59.96 and its 200 day simple moving average is $57.49. The stock has a market capitalization of $122.12 million, a price-to-earnings ratio of 27.28 and a beta of 1.01.

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.