Merit Financial Group LLC Raises Stake in AdvisorShares Focused Equity ETF (NYSEARCA:CWS)

Merit Financial Group LLC boosted its holdings in shares of AdvisorShares Focused Equity ETF (NYSEARCA:CWS) by 23.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,705 shares of the company’s stock after acquiring an additional 3,689 shares during the period. Merit Financial Group LLC’s holdings in AdvisorShares Focused Equity ETF were worth $1,290,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in shares of AdvisorShares Focused Equity ETF by 100.0% in the fourth quarter. NewEdge Advisors LLC now owns 400 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. NBC Securities Inc. bought a new position in shares of AdvisorShares Focused Equity ETF during the first quarter worth $59,000. Commonwealth Equity Services LLC boosted its position in shares of AdvisorShares Focused Equity ETF by 14.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,757 shares of the company’s stock worth $243,000 after acquiring an additional 463 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of AdvisorShares Focused Equity ETF during the fourth quarter worth $297,000. Finally, Compass Ion Advisors LLC lifted its position in AdvisorShares Focused Equity ETF by 52.0% during the fourth quarter. Compass Ion Advisors LLC now owns 4,708 shares of the company’s stock valued at $305,000 after purchasing an additional 1,611 shares during the last quarter.

AdvisorShares Focused Equity ETF Stock Up 0.7%

CWS stock opened at $68.68 on Friday. AdvisorShares Focused Equity ETF has a 52 week low of $58.36 and a 52 week high of $71.75. The firm has a market capitalization of $182.69 million, a P/E ratio of 25.15 and a beta of 0.98. The company has a fifty day simple moving average of $65.46 and a two-hundred day simple moving average of $66.46.

AdvisorShares Focused Equity ETF 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.