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

ALPS Active REIT ETF (NASDAQ:REIT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.64 and traded as high as $28.77. ALPS Active REIT ETF shares last traded at $28.59, with a volume of 9,579 shares changing hands.

ALPS Active REIT ETF Trading Up 0.8%

The company’s fifty day simple moving average is $26.77 and its 200 day simple moving average is $26.64. The firm has a market capitalization of $48.03 million, a P/E ratio of 35.67 and a beta of 0.99.

Institutional Trading of ALPS Active REIT ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new position in shares of ALPS Active REIT ETF during the 1st quarter worth approximately $413,000. Envestnet Asset Management Inc. grew its stake in ALPS Active REIT ETF by 96.5% in the second quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock worth $439,000 after purchasing an additional 8,196 shares during the period. Ellsworth Advisors LLC grew its stake in ALPS Active REIT ETF by 6.2% in the third quarter. Ellsworth Advisors LLC now owns 138,735 shares of the company’s stock worth $3,702,000 after purchasing an additional 8,066 shares during the period. Advisor OS LLC raised its holdings in ALPS Active REIT ETF by 21.4% in the third quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock worth $327,000 after purchasing an additional 2,151 shares in the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in ALPS Active REIT ETF by 13.1% during the third quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock valued at $1,187,000 after buying an additional 5,127 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.