AdvisorShares Focused Equity ETF
CWS
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4800 Montgomery Lane, Suite 150 Bethesda MD United States of America 20814
- IPO Date
- Sep 21, 2016
- CIK
- 0001408970
- Website
- advisorshares.com
- Similar Companies
- Business
- AdvisorShares Focused Equity ETF (CWS) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in a concentrated portfolio of 25 high-quality U.S. equities selected for their fundamental strength, consistent financial results, high earnings quality, proven management, solid balance sheets, competitive advantages, and steady growth in sales, earnings, and dividends; the strategy employs bottom-up stock picking with a focus on value, low turnover, and a buy-and-hold approach to outperform broad benchmarks like the S&P 500. Launched on September 20, 2016, and sub-advised by Crossing Wall Street Portfolio Strategist Eddy J. Elfenbein, whose methodology has been published annually as the CWS "Buy List" since 2006, the ETF features a fulcrum fee structure where the management fee adjusts between 0.65% and 0.85% based on performance relative to the S&P 500, resulting in a current net expense ratio of 0.65%; top holdings as of December 2025 include IES Holdings Inc., Amphenol Corp., Cencora Inc., Mueller Industries Inc., and Heico Corp., with sector allocations emphasizing industrials, financials, healthcare, and information technology across large-cap (34%), mid-cap (35%), and small-cap (31%) companies. CWS trades on NYSE Arca with options availability, targets institutional and retail investors seeking alpha in domestic equity allocations as a complement to broad index funds, and maintains assets under management of approximately $186 million. Issuer AdvisorShares Investments, LLC, founded in 2006 and headquartered in Bethesda, Maryland, operates as a platform sponsoring over a dozen actively managed ETFs focused on niche strategies; the firm provides sales, marketing, and operational support without noted subsidiaries or parent relationships for CWS. In recent developments, institutional ownership of CWS has grown to over 35% as of late 2025, with notable increases including Cetera Investment Advisers raising its stake by 9.6% to 35,671 shares in Q2 2025, Mason & Associates Inc. adding shares to reach 41,434, and Trademark Financial Management LLC more than doubling its position to 64,687 shares; new positions were opened by firms such as Aviso Financial Inc., Perennial Investment Advisors LLC, and others amid broader hedge fund interest, reflecting 110% more repeat investments than reductions and 100% more first-time buyers than exits in Q3 2025. Portfolio adjustments occurred earlier in 2025 with five of the 25 stocks replaced to enhance growth and quality characteristics, while the ETF earned a 4-star Morningstar rating in the Mid-Cap Blend category (out of 373 funds) as of November 30, 2025, based on risk-adjusted returns; no major acquisitions, partnerships, funding rounds, or structural changes specific to CWS were reported in the last 1-2 years, though AdvisorShares announced a reverse stock split for its unrelated MSOS Daily Leveraged ETF in November 2024.