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

ALPS Active REIT ETF (NASDAQ:REIT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.19 and traded as high as $27.19. ALPS Active REIT ETF shares last traded at $26.93, with a volume of 8,880 shares trading hands.

ALPS Active REIT ETF Stock Down 0.6%

The firm has a 50-day moving average of $26.20 and a 200 day moving average of $27.19. The stock has a market capitalization of $44.43 million, a P/E ratio of 31.94 and a beta of 1.01.

ALPS Active REIT ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 20th were paid a $0.1998 dividend. This is a boost from ALPS Active REIT ETF’s previous dividend of $0.19. The ex-dividend date was Thursday, March 20th.

Hedge Funds Weigh In On ALPS Active REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in ALPS Active REIT ETF in the first quarter worth about $413,000. Arete Wealth Advisors LLC grew its position in ALPS Active REIT ETF by 18.5% in the first quarter. Arete Wealth Advisors LLC now owns 29,107 shares of the company’s stock valued at $795,000 after acquiring an additional 4,548 shares during the period. Arbor Capital Management Inc. ADV boosted its stake in shares of ALPS Active REIT ETF by 18.4% in the 4th quarter. Arbor Capital Management Inc. ADV now owns 24,835 shares of the company’s stock valued at $682,000 after purchasing an additional 3,853 shares in the last quarter. Ellsworth Advisors LLC increased its position in shares of ALPS Active REIT ETF by 2.6% during the 1st quarter. Ellsworth Advisors LLC now owns 124,495 shares of the company’s stock worth $3,399,000 after purchasing an additional 3,169 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in ALPS Active REIT ETF by 1,388.6% during the 4th quarter. Harbour Investments Inc. now owns 2,471 shares of the company’s stock valued at $67,000 after purchasing an additional 2,305 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.