ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.50 and traded as low as $26.07. ALPS Active REIT ETF shares last traded at $26.32, with a volume of 13,675 shares.
ALPS Active REIT ETF Trading Up 0.1%
The company’s 50-day moving average is $26.48 and its two-hundred day moving average is $26.50. The stock has a market capitalization of $45.27 million, a P/E ratio of 35.67 and a beta of 0.99.
Hedge Funds Weigh In On ALPS Active REIT ETF
Several hedge funds and other institutional investors have recently made changes to their positions in REIT. Goldman Sachs Group Inc. bought a new position in ALPS Active REIT ETF in the 1st quarter worth approximately $413,000. Arete Wealth Advisors LLC grew its stake in shares of 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 worth $795,000 after purchasing an additional 4,548 shares in the last quarter. Ellsworth Advisors LLC grew its stake in shares of ALPS Active REIT ETF by 2.6% in the first 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. Farther Finance Advisors LLC acquired a new position in shares of ALPS Active REIT ETF during the second quarter valued at $35,000. Finally, Main Street Group LTD raised its stake in shares of ALPS Active REIT ETF by 187.9% during the second quarter. Main Street Group LTD now owns 2,372 shares of the company’s stock valued at $62,000 after purchasing an additional 1,548 shares in the last quarter.
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.
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