AdvisorShares Restaurant ETF (NYSEARCA:EATZ) Trading 0.4% Higher

AdvisorShares Restaurant ETF (NYSEARCA:EATZ)’s stock price rose 0.4% during trading on Thursday . The stock traded as high as $23.41 and last traded at $23.41. Approximately 829 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 1,610 shares. The stock had previously closed at $23.31.

AdvisorShares Restaurant ETF Price Performance

The business has a fifty day moving average of $23.82 and a 200 day moving average of $22.01. The stock has a market cap of $2.93 million, a PE ratio of 26.36 and a beta of 0.87.

Hedge Funds Weigh In On AdvisorShares Restaurant ETF

An institutional investor recently bought a new position in AdvisorShares Restaurant ETF stock. International Assets Investment Management LLC purchased a new stake in AdvisorShares Restaurant ETF (NYSEARCA:EATZ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,358 shares of the company’s stock, valued at approximately $258,000. International Assets Investment Management LLC owned approximately 9.47% of AdvisorShares Restaurant ETF at the end of the most recent reporting period.

About AdvisorShares Restaurant ETF

The AdvisorShares Restaurant ETF (EATZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund is an actively-managed fund of US-listed companies that derive at least 50% of their net revenue from the restaurant business. EATZ was launched on Apr 20, 2021 and is managed by AdvisorShares.