U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Shares Up 0.1% – Should You Buy?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTYGet Free Report) shot up 0.1% during mid-day trading on Friday . The stock traded as high as $30.02 and last traded at $30.00. 4,385 shares were traded during mid-day trading, a decline of 61% from the average session volume of 11,150 shares. The stock had previously closed at $29.96.

U.S. Diversified Real Estate ETF Price Performance

The firm’s 50-day moving average price is $30.21 and its 200 day moving average price is $30.44. The firm has a market capitalization of $31.50 million, a price-to-earnings ratio of 34.93 and a beta of 1.03.

Institutional Inflows and Outflows

An institutional investor recently raised its position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors lifted its position in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTYFree Report) by 8.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,718 shares of the company’s stock after purchasing an additional 1,367 shares during the quarter. Arkadios Wealth Advisors owned about 1.42% of U.S. Diversified Real Estate ETF worth $539,000 as of its most recent filing with the SEC.

U.S. Diversified Real Estate ETF Company Profile

(Get Free Report)

The Vident U.S. Diversified Real Estate ETF (PPTY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of fundamentally-selected and -weighted US-listed equities that derive income from the ownership or management of real estate. PPTY was launched on Mar 24, 2018 and is managed by Vident.

Further Reading

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