ALPS Active REIT ETF (NASDAQ:REIT) Stock Passes Above 200-Day Moving Average – Here’s Why

ALPS Active REIT ETF (NASDAQ:REIT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.31 and traded as high as $28.35. ALPS Active REIT ETF shares last traded at $28.17, with a volume of 2,096 shares trading hands.

ALPS Active REIT ETF Stock Performance

The company has a market capitalization of $38.31 million, a PE ratio of 29.33 and a beta of 1.01. The stock has a fifty day moving average of $28.34 and a 200 day moving average of $26.31.

ALPS Active REIT ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Thursday, September 19th were issued a $0.2134 dividend. This represents a $0.85 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Thursday, September 19th.

Hedge Funds Weigh In On ALPS Active REIT ETF

An institutional investor recently raised its position in ALPS Active REIT ETF stock. Fermata Advisors LLC grew its position in shares of ALPS Active REIT ETF (NASDAQ:REIT) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,525 shares of the company’s stock after purchasing an additional 384 shares during the period. Fermata Advisors LLC owned approximately 0.93% of ALPS Active REIT ETF worth $242,000 at the end of the most recent reporting period.

ALPS Active REIT ETF Company Profile

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.