AdvisorShares Restaurant ETF (NYSEARCA:EATZ) Trading Up 0.2%

Shares of AdvisorShares Restaurant ETF (NYSEARCA:EATZ) were up 0.2% during trading on Tuesday . The stock traded as high as $24.04 and last traded at $24.04. Approximately 1,898 shares traded hands during trading, an increase of 33% from the average daily volume of 1,422 shares. The stock had previously closed at $23.99.

AdvisorShares Restaurant ETF Price Performance

The firm’s 50-day moving average is $23.77 and its 200 day moving average is $23.16. The stock has a market cap of $3.01 million, a price-to-earnings ratio of 27.34 and a beta of 0.95.

Institutional Investors 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 position in AdvisorShares Restaurant ETF (NYSEARCA:EATZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.