AdvisorShares Restaurant ETF (NYSEARCA:EATZ) Shares Up 0%

AdvisorShares Restaurant ETF (NYSEARCA:EATZ)’s stock price shot up 0% during mid-day trading on Thursday . The stock traded as high as $24.13 and last traded at $24.13. 1,615 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 1,429 shares. The stock had previously closed at $24.12.

AdvisorShares Restaurant ETF Price Performance

The firm’s 50-day moving average is $24.13 and its 200-day moving average is $23.50. The company has a market capitalization of $3.02 million, a PE ratio of 27.34 and a beta of 0.95.

Institutional Inflows and Outflows

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 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & 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.