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

ALPS Active REIT ETF (NASDAQ:REIT)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.13 and traded as high as $31.23. ALPS Active REIT ETF shares last traded at $31.19, with a volume of 9,454 shares.

ALPS Active REIT ETF Stock Down 0.2%

The stock has a market capitalization of $57.70 million, a PE ratio of 35.67 and a beta of 0.94. The firm’s fifty day moving average is $30.57 and its 200-day moving average is $29.13.

ALPS Active REIT ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.2109 per share. This is a positive change from ALPS Active REIT ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Trading of ALPS Active REIT ETF

A number of institutional investors have recently modified their holdings of REIT. Main Street Group LTD purchased a new position in ALPS Active REIT ETF in the first quarter worth $83,000. Goldman Sachs Group Inc. purchased a new stake in shares of ALPS Active REIT ETF during the 1st quarter worth $413,000. Kestra Advisory Services LLC purchased a new stake in shares of ALPS Active REIT ETF during the 4th quarter worth $38,000. Kestra Private Wealth Services LLC boosted its position in shares of ALPS Active REIT ETF by 12.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock worth $867,000 after purchasing an additional 3,490 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its stake in shares of ALPS Active REIT ETF by 7.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock worth $1,255,000 after purchasing an additional 3,277 shares during the period.

About ALPS Active REIT ETF

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.