AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Shares Down 0.4% – Here’s Why

Shares of AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) dropped 0.4% on Thursday. The company traded as low as $58.57 and last traded at $58.4610. Approximately 38 shares traded hands during trading, a decline of 97% from the average daily volume of 1,511 shares. The stock had previously closed at $58.72.

AdvisorShares Dorsey Wright FSM US Core ETF Stock Performance

The company’s fifty day moving average is $59.13 and its two-hundred day moving average is $57.53. The firm has a market cap of $119.85 million, a price-to-earnings ratio of 27.28 and a beta of 1.01.

Hedge Funds Weigh In On AdvisorShares Dorsey Wright FSM US Core ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. acquired a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter worth $1,185,000. Concorde Asset Management LLC bought a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF in the 2nd quarter worth about $1,220,000. Integrated Wealth Concepts LLC acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF in the 2nd quarter valued at about $369,000. NewEdge Advisors LLC acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF in the 2nd quarter valued at about $51,000. Finally, Corient Private Wealth LP acquired a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF in the 2nd quarter valued at about $17,916,000.

About AdvisorShares Dorsey Wright FSM US Core ETF

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.