AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Trading Down 1.2%

AdvisorShares Hotel ETF (NYSEARCA:BEDZGet Free Report)’s stock price dropped 1.2% during mid-day trading on Friday . The company traded as low as $27.91 and last traded at $27.93. Approximately 228 shares changed hands during trading, an increase of 16% from the average daily volume of 197 shares. The stock had previously closed at $28.27.

AdvisorShares Hotel ETF Stock Down 1.2 %

The firm’s 50-day simple moving average is $27.66 and its 200 day simple moving average is $25.99. The stock has a market capitalization of $4.75 million, a P/E ratio of 15.34 and a beta of 1.10.

Institutional Investors Weigh In On AdvisorShares Hotel ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BEDZ. Advisor Group Holdings Inc. boosted its holdings in shares of AdvisorShares Hotel ETF by 93.5% in the first quarter. Advisor Group Holdings Inc. now owns 1,196 shares of the company’s stock worth $32,000 after buying an additional 578 shares during the period. UBS Group AG lifted its holdings in shares of AdvisorShares Hotel ETF by 2,540.4% in the first quarter. UBS Group AG now owns 2,482 shares of the company’s stock valued at $66,000 after purchasing an additional 2,388 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of AdvisorShares Hotel ETF in the fourth quarter valued at $212,000. Finally, Cerity Partners LLC acquired a new stake in shares of AdvisorShares Hotel ETF in the fourth quarter worth $263,000.

About AdvisorShares Hotel ETF

(Get Free Report)

The AdvisorShares Hotel ETF (BEDZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund is an actively managed ETF that provides exposure to US hotels, resorts, cruise lines and their sub-industries. BEDZ was launched on Apr 20, 2021 and is managed by AdvisorShares.

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