ALPS Active REIT ETF (NASDAQ:REIT) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of ALPS Active REIT ETF (NASDAQ:REIT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.53 and traded as high as $26.81. ALPS Active REIT ETF shares last traded at $26.7390, with a volume of 4,640 shares traded.

ALPS Active REIT ETF Stock Performance

The firm has a fifty day moving average price of $26.69 and a 200 day moving average price of $26.53. The firm has a market capitalization of $45.46 million, a price-to-earnings ratio of 35.67 and a beta of 0.99.

Institutional Investors Weigh In On ALPS Active REIT ETF

Institutional investors have recently made changes to their positions in the stock. Ellsworth Advisors LLC grew its stake in shares of ALPS Active REIT ETF by 6.2% during the 3rd quarter. Ellsworth Advisors LLC now owns 138,735 shares of the company’s stock worth $3,702,000 after purchasing an additional 8,066 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of ALPS Active REIT ETF by 96.5% in the second quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock valued at $439,000 after purchasing an additional 8,196 shares during the period. Main Street Group LTD boosted its holdings in ALPS Active REIT ETF by 187.9% during the second quarter. Main Street Group LTD now owns 2,372 shares of the company’s stock worth $62,000 after buying an additional 1,548 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in ALPS Active REIT ETF during the second quarter worth about $35,000. Finally, Goldman Sachs Group Inc. acquired a new position in ALPS Active REIT ETF during the first quarter worth about $413,000.

ALPS Active REIT ETF Company Profile

The ALPS Active REIT ETF (REIT) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed ETF that provides exposure to publicly traded equity securities of US REITs. REIT was launched on Feb 25, 2021 and is issued by SS&C.