AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Trading Down 0.9%

AdvisorShares Hotel ETF (NYSEARCA:BEDZ)’s stock price dropped 0.9% on Wednesday . The stock traded as low as $28.25 and last traded at $28.25. Approximately 184 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 351 shares. The stock had previously closed at $28.50.

AdvisorShares Hotel ETF Trading Down 0.9 %

The stock has a market capitalization of $3.95 million, a P/E ratio of 23.27 and a beta of 0.99. The company’s 50-day moving average is $29.11 and its two-hundred day moving average is $27.22.

Institutional Trading of AdvisorShares Hotel ETF

Several hedge funds have recently bought and sold shares of BEDZ. Advisor Group Holdings Inc. lifted its position in AdvisorShares Hotel ETF by 93.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,196 shares of the company’s stock valued at $32,000 after purchasing an additional 578 shares during the last quarter. UBS Group AG raised its position in shares of AdvisorShares Hotel ETF by 2,540.4% during the 1st quarter. UBS Group AG now owns 2,482 shares of the company’s stock worth $66,000 after buying an additional 2,388 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of AdvisorShares Hotel ETF during the 4th quarter worth about $212,000. Finally, Cerity Partners LLC bought a new stake in shares of AdvisorShares Hotel ETF during the 4th quarter worth about $263,000.

AdvisorShares Hotel ETF Company Profile

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.