ALPS Active REIT ETF (NASDAQ:REIT) Shares Cross Above 200 Day Moving Average – Here’s Why
by Jessica Moore · The Cerbat GemALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.28 and traded as high as $29.58. ALPS Active REIT ETF shares last traded at $29.08, with a volume of 9,960 shares changing hands.
ALPS Active REIT ETF Trading Down 0.1%
The firm has a market cap of $49.69 million, a price-to-earnings ratio of 35.67 and a beta of 0.97. The stock’s 50 day moving average is $28.45 and its 200 day moving average is $27.31.
ALPS Active REIT ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 19th were paid a $0.1817 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.73 dividend on an annualized basis and a yield of 2.5%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new position in ALPS Active REIT ETF in the 4th quarter valued at about $38,000. Advisor OS LLC grew its stake in ALPS Active REIT ETF by 21.4% in the 3rd quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock valued at $327,000 after buying an additional 2,151 shares during the last quarter. Arete Wealth Advisors LLC grew its stake in ALPS Active REIT ETF by 7.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after buying an additional 3,277 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in ALPS Active REIT ETF by 12.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after buying an additional 3,490 shares during the last quarter. Finally, Ellsworth Advisors LLC grew its stake in ALPS Active REIT ETF by 4.6% in the 4th quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock valued at $3,915,000 after buying an additional 6,326 shares during the last quarter.
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.