AdvisorShares Restaurant ETF (EATZ)
|Day's Range||23.45 - 23.66|
|Inception Date||Apr 20, 2021|
The investment seeks long-term capital appreciation. The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the restaurant business. It invests primarily in U.S. exchange listed equity securities, including common and preferred stock and ADRs. The fund will concentrate at least 25% of its investments in the Hotels, Restaurants & Leisure Industry within the Consumer Discretionary Sector. It is non-diversified.
The countdown to the delayed Tokyo 2020 Olympic games has begun and Japan is warming up to host the event from July 23.
Retail sales in the United States were unchanged in April 2021, falling shy of market expectations of a 1% increase.
Earnings from big restaurant players have been upbeat this quarter while fundamentals of the industry improved from economic reopening.
The ISM Manufacturing PMI for the month of April missed expectations. Still, some areas and their related ETFs should stay strong.
The coronavirus pandemic has drastically shifted consumer habits, and fast food chains could continue to capitalize on the rising demand for quick-and-easy food orders, which is bolstering a recently la...
With new hotel- and restaurant-based exchange-traded funds hitting the market, four analysts weigh in on the lasting power of the reopening trade.
ETF Edge: Hotel, dining ETFs launch as reopening trade continues
Noah Hamman of AdvisorShares and Tom Lydon of ETF Trends join CNBC's Leslie Picker to discuss whether the reopening trade has peaked.
On Wednesday, AdvisorShares, a leading sponsor of actively managed ETFs, announced the launch of the AdvisorShares Hotel ETF (BEDZ) and the AdvisorShares Restaurant ETF (EATZ). They become the only U.S....