AdvisorShares Hotel ETF (NYSEARCA:BEDZ) Stock Price Down 0.9%

AdvisorShares Hotel ETF (NYSEARCA:BEDZ) shares were down 0.9% during mid-day trading on Wednesday . The company traded as low as $28.25 and last traded at $28.25. Approximately 184 shares traded hands 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 Stock Performance

The firm has a market cap of $3.94 million, a price-to-earnings ratio of 23.27 and a beta of 0.99. The firm has a 50-day moving average price of $29.11 and a two-hundred day moving average price of $27.22.

Hedge Funds Weigh In On AdvisorShares Hotel ETF

Several large investors have recently added to or reduced their stakes in BEDZ. Cerity Partners LLC bought a new stake in shares of AdvisorShares Hotel ETF in the 4th quarter worth approximately $263,000. Susquehanna International Group LLP acquired a new position in shares of AdvisorShares Hotel ETF in the 4th quarter worth $212,000. UBS Group AG grew its holdings in shares of AdvisorShares Hotel ETF by 759.1% during the first quarter. UBS Group AG now owns 5,043 shares of the company’s stock valued at $123,000 after buying an additional 4,456 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in shares of AdvisorShares Hotel ETF by 93.5% during the first quarter. Advisor Group Holdings Inc. now owns 1,196 shares of the company’s stock valued at $32,000 after buying an additional 578 shares in the last quarter.

About AdvisorShares Hotel ETF

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.