U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Up 2.1% – Here’s Why

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY)’s stock price rose 2.1% on Monday . The company traded as high as $31.69 and last traded at $31.69. Approximately 2,940 shares traded hands during trading, a decline of 85% from the average daily volume of 19,518 shares. The stock had previously closed at $31.04.

U.S. Diversified Real Estate ETF Trading Up 0.5 %

The company has a market capitalization of $60.04 million, a P/E ratio of 33.90 and a beta of 1.05. The firm’s 50 day moving average price is $32.13 and its two-hundred day moving average price is $32.99.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors boosted its stake in shares of U.S. Diversified Real Estate ETF by 9.4% during the 4th quarter. Arkadios Wealth Advisors now owns 15,373 shares of the company’s stock worth $494,000 after buying an additional 1,325 shares during the last quarter. Advisors Preferred LLC bought a new position in U.S. Diversified Real Estate ETF in the fourth quarter valued at approximately $233,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of U.S. Diversified Real Estate ETF during the 4th quarter worth approximately $27,000.

U.S. Diversified Real Estate ETF Company Profile

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.