International Assets Investment Management LLC Acquires New Position in ProShares Pet Care ETF (BATS:PAWZ)

International Assets Investment Management LLC recently acquired a new position in ProShares Pet Care ETF during the 4th quarter, according to a disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,167 shares of the company’s stock, valued at approximately $1,696,000.

This acquisition comes as other large investors have also made changes to their holdings in the company. Avantax Advisory Services Inc. increased its position in ProShares Pet Care ETF by 7.1% during the third quarter, while Ellis Investment Partners LLC and Bryn Mawr Capital Management LLC also added to their positions. HighTower Advisors LLC also acquired a new position in the company during the third quarter.

Shares of PAWZ stock opened at $50.16 on Tuesday, with a 50-day moving average of $48.85 and a 200-day moving average of $49.19. The company has a market capitalization of $70.23 million, a price-to-earnings ratio of 26.88, and a beta of 0.92.

The ProShares Pet Care ETF is an exchange-traded fund based on the FactSet Pet Care index, tracking a tier-weighted index of global equities related to pet ownership. Managed by ProShares, PAWZ was launched on November 5, 2018.

Investors interested in learning more about ProShares Pet Care ETF can visit HoldingsChannel.com to access the latest 13F filings and insider trades for the company. Additionally, they can sign up to receive a daily summary of news and analysts’ ratings for ProShares Pet Care ETF through MarketBeat.com’s free email newsletter.