AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Stock Price Up 0% – What’s Next?

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS)’s share price shot up 0% on Thursday . The company traded as high as $59.93 and last traded at $60.12. 55 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 1,625 shares. The stock had previously closed at $60.09.

AdvisorShares Dorsey Wright FSM US Core ETF Price Performance

The stock has a market cap of $123.25 million, a PE ratio of 27.28 and a beta of 1.01. The company has a 50-day simple moving average of $60.51 and a 200-day simple moving average of $56.88.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the second quarter worth $141,000. Logan Capital Management Inc. acquired a new stake in AdvisorShares Dorsey Wright FSM US Core ETF in the fourth quarter valued at $434,000. Commonwealth Equity Services LLC increased its position in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 4.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,471 shares of the company’s stock valued at $513,000 after buying an additional 375 shares in the last quarter. MML Investors Services LLC increased its position in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 21.7% in the fourth quarter. MML Investors Services LLC now owns 32,283 shares of the company’s stock valued at $1,750,000 after buying an additional 5,767 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF by 1.6% during the 4th quarter. Osaic Holdings Inc. now owns 410,508 shares of the company’s stock worth $22,257,000 after buying an additional 6,421 shares during the last quarter.

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.