NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Shares Down 2% – Here’s Why

NETLease Corporate Real Estate ETF (NYSEARCA:NETLGet Free Report)’s share price dropped 2% on Thursday . The company traded as low as $22.25 and last traded at $22.60. Approximately 2,389 shares were traded during trading, a decline of 76% from the average daily volume of 9,805 shares. The stock had previously closed at $23.07.

NETLease Corporate Real Estate ETF Stock Performance

The company’s 50 day simple moving average is $24.32 and its 200-day simple moving average is $24.78. The firm has a market capitalization of $34.58 million, a PE ratio of 24.65 and a beta of 1.11.

NETLease Corporate Real Estate ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, March 27th.

NETLease Corporate Real Estate ETF Company Profile

(Get Free Report)

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.

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