U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Trading 0.1% Higher – Time to Buy?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY)’s stock price shot up 0.1% during trading on Friday . The company traded as high as $30.15 and last traded at $30.15. 1,167 shares changed hands during trading, a decline of 89% from the average session volume of 10,757 shares. The stock had previously closed at $30.11.

U.S. Diversified Real Estate ETF Trading Up 0.1%

The stock’s 50 day moving average is $30.08 and its two-hundred day moving average is $30.39. The stock has a market capitalization of $28.64 million, a price-to-earnings ratio of 34.93 and a beta of 1.03.

Institutional Inflows and Outflows

An institutional investor recently raised its position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors raised its holdings in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,718 shares of the company’s stock after acquiring an additional 1,367 shares during the quarter. Arkadios Wealth Advisors owned approximately 1.42% of U.S. Diversified Real Estate ETF worth $539,000 at the end of the most recent reporting period.

About U.S. Diversified Real Estate ETF

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.