United Development Funding IV (OTCMKTS:UDFI – Get Free Report) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.40 and traded as high as $1.55. United Development Funding IV shares last traded at $1.40, with a volume of 63,400 shares changing hands.
United Development Funding IV Trading Down 6.0%
The business has a 50-day moving average price of $1.40 and a two-hundred day moving average price of $1.40.
About United Development Funding IV
United Development Funding IV is a real estate investment trust focused on providing financing for residential real estate development and construction. The company’s investment activities have generally involved originating or acquiring loans secured by residential land, lots, and housing projects.
Its financing supports land acquisition, land development, and the construction of single-family homes and related residential communities. United Development Funding IV has historically concentrated on markets in Texas, including the Dallas–Fort Worth area, although its investment portfolio may also include properties or loans in other U.S.
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