ALPS Active REIT ETF (NASDAQ:REIT) Share Price Crosses Above 50-Day Moving Average – What’s Next?

ALPS Active REIT ETF (NASDAQ:REIT)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $30.03 and traded as high as $31.15. ALPS Active REIT ETF shares last traded at $30.97, with a volume of 8,912 shares trading hands.

ALPS Active REIT ETF Price Performance

The company has a market capitalization of $55.01 million, a P/E ratio of 35.67 and a beta of 0.94. The company has a 50 day moving average of $30.07 and a 200-day moving average of $28.59.

ALPS Active REIT ETF Increases Dividend

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

Hedge Funds Weigh In On ALPS Active REIT ETF

Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in shares of ALPS Active REIT ETF during the 1st quarter valued at about $413,000. Park Edge Advisors LLC bought a new position in ALPS Active REIT ETF in the fourth quarter worth about $201,000. Ellsworth Advisors LLC raised its stake in ALPS Active REIT ETF by 4.6% in the fourth quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock worth $3,915,000 after buying an additional 6,326 shares in the last quarter. Kestra Private Wealth Services LLC raised 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 worth $867,000 after buying an additional 3,490 shares in the last quarter. Finally, Arete Wealth Advisors LLC lifted its holdings 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 worth $1,255,000 after buying an additional 3,277 shares during the period.

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.