Kovack Advisors Inc. Increases Stake in AdvisorShares Focused Equity ETF (NYSEARCA:CWS)

Kovack Advisors Inc. lifted its position in AdvisorShares Focused Equity ETF (NYSEARCA:CWS) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,990 shares of the company’s stock after buying an additional 636 shares during the period. Kovack Advisors Inc.’s holdings in AdvisorShares Focused Equity ETF were worth $296,000 as of its most recent SEC filing.

Separately, AE Wealth Management LLC lifted its stake in AdvisorShares Focused Equity ETF by 11.1% during the 3rd quarter. AE Wealth Management LLC now owns 6,487 shares of the company’s stock valued at $338,000 after acquiring an additional 647 shares during the period.

AdvisorShares Focused Equity ETF Stock Up 0.5 %

Shares of CWS stock opened at $61.47 on Tuesday. The firm has a market capitalization of $146.30 million, a PE ratio of 25.17 and a beta of 0.93. The company has a 50 day moving average price of $61.88 and a 200-day moving average price of $58.32. AdvisorShares Focused Equity ETF has a 52 week low of $48.50 and a 52 week high of $63.81.

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.