Investment Firm Increases Position in ProShares Pet Care ETF (BATS:PAWZ) by 5.7%

Avantax Advisory Services Inc. Increases Stake in ProShares Pet Care ETF

In a recent filing with the Securities and Exchange Commission, Avantax Advisory Services Inc. revealed that it has increased its position in ProShares Pet Care ETF by 5.7% during the fourth quarter. The institutional investor now owns 5,020 shares of the company’s stock, worth $265,000. This move highlights Avantax Advisory Services Inc.’s confidence in the pet care industry and the potential growth of the ETF.

Other hedge funds have also shown interest in ProShares Pet Care ETF. International Assets Investment Management LLC purchased a new stake in the ETF, while HighTower Advisors LLC and Bryn Mawr Capital Management LLC also bought positions in the company during the previous quarters.

Shares of ProShares Pet Care ETF, traded under the ticker symbol PAWZ, saw a 1.2% increase, opening at $51.31 on Friday. With a market capitalization of $71.83 million, a P/E ratio of 26.88, and a beta of 0.92, the ETF has been performing steadily in the market.

ProShares Pet Care ETF, based on the FactSet Pet Care index, tracks a tier-weighted index of global equities related to pet ownership. Managed by ProShares, the ETF was launched on Nov 5, 2018, and has gained popularity among investors looking to capitalize on the growing pet care industry.

For more information on ProShares Pet Care ETF and to stay updated on the latest news and analyst ratings, investors can visit HoldingsChannel.com or sign up for MarketBeat.com’s FREE daily email newsletter. With the pet care industry showing promising growth prospects, ProShares Pet Care ETF could be a lucrative investment opportunity for those looking to diversify their portfolio.