AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS) Share Price Break Below 200 Day Moving Average – Here’s Why

AdvisorShares Dorsey Wright FSM US Core ETF (NASDAQ:DWUS – Get Free Report) shares 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 changing hands.

AdvisorShares Dorsey Wright FSM US Core ETF Trading Down 1.8%

The company’s fifty day simple moving average is $59.09 and its 200 day simple moving average is $57.54. The firm has a market capitalization of $117.88 million, a P/E ratio of 27.28 and a beta of 1.01.

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

Several institutional investors have recently added to or reduced their stakes in DWUS. Triumph Capital Management purchased a new stake in shares of AdvisorShares Dorsey Wright FSM US Core ETF during the 2nd quarter worth approximately $29,000. Strive Financial Group LLC purchased a new stake in AdvisorShares Dorsey Wright FSM US Core ETF in the 2nd quarter valued at approximately $32,000. NewEdge Advisors LLC acquired a new position in shares of AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at approximately $51,000. Angeles Wealth Management LLC purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF during the second quarter worth approximately $76,000. Finally, Tsfg LLC purchased a new position in AdvisorShares Dorsey Wright FSM US Core ETF in the second quarter valued at about $192,000.

AdvisorShares Dorsey Wright FSM US Core ETF Company Profile

(Get Free Report)

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.

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