DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF

This is an actively managed fund that seeks total return. The ETF takes a modern sector rotation approach to domestic large cap equity equal weight investing. Using Nasdaq Dorsey Wright’s (Dorsey Wright) disciplined and quantitative proprietary relative strength research, DWEQ implements a two-factor approach to invest in top-ranked U.S. equity securities within the tax-efficient structure of an ETF. First, industry sectors are ranked based on relative strength. Next, from the three top rated sectors, individual equity securities are selected based on their relative strength ratings with those displaying both a buy or bullish signal and rising price momentum (both the “B” and “X” columns in point and figure charting) given higher ratings. DWEQ systematically reviews and rotates into the highest ranked sectors by reallocating to the highest ranked equity securities in those sectors. DWEQ also utilizes defensive investing features, allowing it to gradually add cash based on overall market momentum indicators. When cash is defensively added to the portfolio, DWEQ will reassess the strategy’s momentum indicators so as to move back into equity exposure once broad equity strength is displayed.

$16.76  0.00 (0.00%)
As of 03/23/2023 00:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     AdvisorShares
Category1:  US Equity
Category2:  Broad market
Category3:  Large and mid cap
Morningstar category:  
Leverage factor:  1.00
Inception date:  12/27/2019
Current yield:  0.68%
Historical average yield:  0.64%
Market cap:  $30,326,912
Average volume:  3,082
Fees:     0.9900%
Investment style: Actively managed
Factors used to select securities:
Momentum Sector rotation