Sigma Planning Corp Purchases 10,484 Shares of AdvisorShares Focused Equity ETF $CWS

Sigma Planning Corp grew its position in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) by 55.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 29,460 shares of the company’s stock after purchasing an additional 10,484 shares during the quarter. Sigma Planning Corp’s holdings in AdvisorShares Focused Equity ETF were worth $1,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CWS. Mason & Associates Inc increased its stake in AdvisorShares Focused Equity ETF by 6.6% in the first quarter. Mason & Associates Inc now owns 48,375 shares of the company’s stock valued at $3,066,000 after acquiring an additional 2,999 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in AdvisorShares Focused Equity ETF by 1.7% during the first quarter. Kestra Advisory Services LLC now owns 98,134 shares of the company’s stock worth $6,355,000 after purchasing an additional 1,670 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in AdvisorShares Focused Equity ETF by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 23,986 shares of the company’s stock worth $1,553,000 after purchasing an additional 11,993 shares during the last quarter. Stone Wealth Partners acquired a new stake in shares of AdvisorShares Focused Equity ETF in the 4th quarter valued at $2,329,000. Finally, Beacon Pointe Advisors LLC increased its stake in shares of AdvisorShares Focused Equity ETF by 9.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,146 shares of the company’s stock valued at $491,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 7.19% of the company’s stock.

AdvisorShares Focused Equity ETF Stock Performance

Shares of CWS opened at $68.87 on Friday. AdvisorShares Focused Equity ETF has a 52-week low of $63.09 and a 52-week high of $72.08. The firm has a market cap of $130.85 million, a price-to-earnings ratio of 146.53 and a beta of 0.92. The business’s fifty day moving average is $67.85 and its 200-day moving average is $67.94.

About AdvisorShares Focused Equity ETF

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.