U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Up 1% – Should You Buy?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) shares rose 1% during mid-day trading on Tuesday . The stock traded as high as $31.91 and last traded at $31.91. Approximately 6,580 shares changed hands during trading, an increase of 34% from the average daily volume of 4,928 shares. The stock had previously closed at $31.60.

U.S. Diversified Real Estate ETF Trading Up 1.0%

The company has a 50 day simple moving average of $30.61 and a two-hundred day simple moving average of $30.48. The firm has a market capitalization of $30.31 million, a P/E ratio of 34.93 and a beta of 1.03.

Hedge Funds Weigh In On U.S. Diversified Real Estate ETF

An institutional investor recently raised its position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors raised its stake in U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,718 shares of the company’s stock after acquiring an additional 1,367 shares during the period. Arkadios Wealth Advisors owned approximately 1.42% of U.S. Diversified Real Estate ETF worth $539,000 as of its most recent SEC filing.

U.S. Diversified Real Estate ETF Company Profile

The Vident U.S. Diversified Real Estate ETF (PPTY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of fundamentally-selected and -weighted US-listed equities that derive income from the ownership or management of real estate. PPTY was launched on Mar 24, 2018 and is managed by Vident.