U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Down 0.5% – What’s Next?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTYGet Free Report)’s stock price dropped 0.5% during trading on Monday . The company traded as low as $30.41 and last traded at $30.48. Approximately 4,983 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 5,386 shares. The stock had previously closed at $30.64.

U.S. Diversified Real Estate ETF Price Performance

The stock has a 50 day moving average of $30.30 and a 200 day moving average of $30.41. The firm has a market cap of $28.96 million, a P/E ratio of 34.93 and a beta of 1.03.

Institutional Investors Weigh In On U.S. Diversified Real Estate ETF

An institutional investor recently raised its position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors boosted its holdings in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTYFree Report) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,718 shares of the company’s stock after purchasing an additional 1,367 shares during the period. Arkadios Wealth Advisors owned about 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

(Get Free Report)

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.

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