ALPS Active REIT ETF (NASDAQ:REIT) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

ALPS Active REIT ETF (NASDAQ:REIT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.71 and traded as high as $30.24. ALPS Active REIT ETF shares last traded at $30.14, with a volume of 12,118 shares changing hands.

ALPS Active REIT ETF Stock Down 0.5%

The stock has a market cap of $55.78 million, a P/E ratio of 35.67 and a beta of 0.93. The stock has a fifty day simple moving average of $30.81 and a 200-day simple moving average of $29.72.

ALPS Active REIT ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were issued a dividend of $0.2109 per share. This is an increase from ALPS Active REIT ETF’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, June 18th.

Hedge Funds Weigh In On ALPS Active REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Main Street Group LTD bought a new stake in shares of ALPS Active REIT ETF in the 1st quarter valued at $83,000. Kestra Advisory Services LLC bought a new position in ALPS Active REIT ETF during the fourth quarter worth about $38,000. Kestra Private Wealth Services LLC grew its stake in ALPS Active REIT ETF by 12.1% in the third quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after acquiring an additional 3,490 shares during the period. Arete Wealth Advisors LLC grew its stake in ALPS Active REIT ETF by 7.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after acquiring an additional 3,277 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in shares of ALPS Active REIT ETF in 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.