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

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK)’s share price dropped 2% during trading on Thursday . The stock 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 Stock Down 2.0 %

The company has a 50 day moving average of $19.95 and a 200-day moving average of $18.09. The stock has a market capitalization of $19.81 million, a P/E 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 increased its position in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 496,645 shares of the company’s stock after acquiring an additional 30,686 shares during the period. Gerber Kawasaki Wealth & Investment Management owned approximately 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.