NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Stock Price Down 1.2% – Here’s Why

NETLease Corporate Real Estate ETF (NYSEARCA:NETL)’s stock price traded down 1.2% during mid-day trading on Thursday . The stock traded as low as $26.40 and last traded at $26.53. 6,741 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 14,064 shares. The stock had previously closed at $26.85.

NETLease Corporate Real Estate ETF Stock Down 0.3%

The business has a fifty day moving average of $25.31 and a 200 day moving average of $24.69. The firm has a market cap of $46.83 million, a P/E ratio of -34.82 and a beta of 0.96.

NETLease Corporate Real Estate ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were given a dividend of $0.105 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Wednesday, February 25th. NETLease Corporate Real Estate ETF’s payout ratio is presently -160.53%.

NETLease Corporate Real Estate ETF Company Profile

The fundamental Income Net Lease Real Estate ETF (NETL) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index that provides current income by investing in net lease US real estate equities weighted by a modified market-cap strategy. NETL was launched on Mar 22, 2019 and is managed by NETL.