AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Trading Down 0.9%

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) traded down 0.9% during mid-day trading on Wednesday . The company traded as low as $28.25 and last traded at $28.25. 184 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 351 shares. The stock had previously closed at $28.50.

AdvisorShares Hotel ETF Stock Performance

The stock has a market cap of $3.95 million, a P/E ratio of 23.27 and a beta of 0.99. The stock’s fifty day simple moving average is $29.11 and its 200-day simple moving average is $27.22.

Institutional Trading of AdvisorShares Hotel ETF

A number of institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. boosted its holdings in AdvisorShares Hotel ETF by 93.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,196 shares of the company’s stock valued at $32,000 after purchasing an additional 578 shares during the period. UBS Group AG raised its position in shares of AdvisorShares Hotel ETF by 2,540.4% in the 1st quarter. UBS Group AG now owns 2,482 shares of the company’s stock valued at $66,000 after buying an additional 2,388 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of AdvisorShares Hotel ETF in the 4th quarter valued at approximately $212,000. Finally, Cerity Partners LLC acquired a new position in AdvisorShares Hotel ETF during the 4th quarter worth approximately $263,000.

AdvisorShares Hotel ETF Company Profile

The AdvisorShares Hotel ETF (BEDZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund is an actively managed ETF that provides exposure to US hotels, resorts, cruise lines and their sub-industries. BEDZ was launched on Apr 20, 2021 and is managed by AdvisorShares.