AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Stock Price Down 2%

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) shares were down 2% during trading on Thursday . The company traded as low as $20.20 and last traded at $20.21. Approximately 1,107 shares changed hands during trading, a decline of 69% from the average daily volume of 3,549 shares. The stock had previously closed at $20.62.

AdvisorShares Gerber Kawasaki ETF Price Performance

The business has a fifty day moving average price of $19.95 and a 200 day moving average price of $18.09. The company has a market capitalization of $19.81 million, a price-to-earnings ratio of 23.39 and a beta of 1.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 6.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 496,645 shares of the company’s stock after acquiring an additional 30,686 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned 51.73% of AdvisorShares Gerber Kawasaki ETF worth $8,443,000 at the end of the most recent quarter.

About AdvisorShares Gerber Kawasaki ETF

The AdvisorShares Gerber Kawasaki ETF (GK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers exposure to a portfolio of US growth stocks across multiple investment themes believed to represent top thematic macro opportunities.