AdvisorShares Restaurant ETF (NYSEARCA:EATZ) Shares Up 0.4%

Shares of AdvisorShares Restaurant ETF (NYSEARCA:EATZ) shot up 0.4% during trading on Thursday . The company traded as high as $23.41 and last traded at $23.41. 829 shares changed hands during mid-day 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 Price Performance

The stock has a market capitalization of $2.97 million, a P/E ratio of 26.36 and a beta of 0.87. The business’s 50 day moving average price is $23.83 and its 200 day moving average price is $22.04.

Institutional Trading of AdvisorShares Restaurant ETF

An institutional investor recently bought a new position in AdvisorShares Restaurant ETF stock. International Assets Investment Management LLC bought a new position in AdvisorShares Restaurant ETF (NYSEARCA:EATZ) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 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 as of its most recent SEC filing.

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.