AdvisorShares Restaurant ETF (NYSEARCA:EATZ) Stock Price Up 0.4%

AdvisorShares Restaurant ETF (NYSEARCA:EATZ) traded up 0.4% during trading on Thursday . The stock traded as high as $23.41 and last traded at $23.41. 829 shares traded hands during trading, a decline of 49% from the average session volume of 1,610 shares. The stock had previously closed at $23.31.

AdvisorShares Restaurant ETF Stock Performance

The stock’s 50-day simple moving average is $23.82 and its 200 day simple moving average is $22.01. The company has a market capitalization 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 acquired a new stake in AdvisorShares Restaurant ETF (NYSEARCA:EATZ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,358 shares of the company’s stock, valued at approximately $258,000. International Assets Investment Management LLC owned about 9.47% of AdvisorShares Restaurant ETF as of its most recent filing with the Securities and Exchange Commission.

AdvisorShares Restaurant ETF Company Profile

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.