AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Stock Cross Below 200-Day Moving Average – Here’s Why

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $57.54 and traded as low as $57.25. AdvisorShares Dorsey Wright FSM US Core ETF shares last traded at $57.5010, with a volume of 23 shares trading hands.

AdvisorShares Dorsey Wright FSM US Core ETF Trading Down 1.8%

The business has a fifty day moving average of $59.09 and a 200-day moving average of $57.54. The firm has a market cap of $117.88 million, a PE ratio of 27.28 and a beta of 1.01.

Institutional Investors Weigh In On AdvisorShares Dorsey Wright FSM US Core ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Triumph Capital Management purchased a new position in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter valued at $29,000. Strive Financial Group LLC bought a new position in shares of AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter worth $32,000. NewEdge Advisors LLC bought a new stake in AdvisorShares Dorsey Wright FSM US Core ETF during the second quarter valued at $51,000. Angeles Wealth Management LLC purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the second quarter worth about $76,000. Finally, Tsfg LLC purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the second quarter worth about $192,000.

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.