ALPS Active REIT ETF (NASDAQ:REIT) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

ALPS Active REIT ETF (NASDAQ:REIT) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.59 and traded as high as $29.19. ALPS Active REIT ETF shares last traded at $28.77, with a volume of 7,658 shares traded.

ALPS Active REIT ETF Price Performance

The firm has a market capitalization of $39.41 million, a price-to-earnings ratio of 29.33 and a beta of 1.01. The stock has a 50 day moving average price of $28.71 and a two-hundred day moving average price of $26.59.

ALPS Active REIT ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.2134 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.85 dividend on an annualized basis and a yield of 2.97%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ALPS Active REIT ETF stock. Ellsworth Advisors LLC boosted its holdings in shares of ALPS Active REIT ETF (NASDAQ:REIT) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,948 shares of the company’s stock after buying an additional 3,641 shares during the quarter. Ellsworth Advisors LLC owned 8.46% of ALPS Active REIT ETF worth $3,383,000 as of its most recent SEC filing.

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.