ALPS Active REIT ETF (NASDAQ:REIT) Share Price Passes Above 200-Day Moving Average – What’s Next?

ALPS Active REIT ETF (NASDAQ:REIT) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.21 and traded as high as $28.23. ALPS Active REIT ETF shares last traded at $27.88, with a volume of 7,054 shares changing hands.

ALPS Active REIT ETF Price Performance

The stock has a fifty day moving average price of $27.49 and a 200-day moving average price of $28.21. The company has a market cap of $45.17 million, a PE ratio of 34.15 and a beta of 1.08.

ALPS Active REIT ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Thursday, December 19th were issued a dividend of $0.1895 per share. The ex-dividend date of this dividend was Thursday, December 19th.

Institutional Trading of ALPS Active REIT ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ellsworth Advisors LLC raised its holdings in shares of ALPS Active REIT ETF by 4.6% during the fourth quarter. Ellsworth Advisors LLC now owns 121,326 shares of the company’s stock worth $3,307,000 after acquiring an additional 5,378 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of ALPS Active REIT ETF by 383.0% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 116,917 shares of the company’s stock worth $3,187,000 after acquiring an additional 92,709 shares in the last quarter. Arbor Capital Management Inc. ADV raised its holdings in shares of ALPS Active REIT ETF by 18.4% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 24,835 shares of the company’s stock worth $682,000 after acquiring an additional 3,853 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of ALPS Active REIT ETF by 8.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 24,559 shares of the company’s stock worth $669,000 after acquiring an additional 1,822 shares in the last quarter. Finally, Park Edge Advisors LLC purchased a new stake in shares of ALPS Active REIT ETF during the fourth quarter worth $381,000.

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.