ALPS Active REIT ETF (NASDAQ:REIT) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

ALPS Active REIT ETF (NASDAQ:REIT)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.55 and traded as high as $26.75. ALPS Active REIT ETF shares last traded at $26.44, with a volume of 10,815 shares changing hands.

ALPS Active REIT ETF Price Performance

The firm has a 50-day moving average of $26.55 and a 200 day moving average of $26.55. The stock has a market capitalization of $44.42 million, a price-to-earnings ratio of 35.67 and a beta of 0.99.

Hedge Funds Weigh In On ALPS Active REIT ETF

A number of institutional investors have recently added to or reduced their stakes in REIT. Ellsworth Advisors LLC raised its position in ALPS Active REIT ETF by 4.6% during the fourth quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock worth $3,915,000 after acquiring an additional 6,326 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in shares of ALPS Active REIT ETF by 13.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock worth $1,187,000 after purchasing an additional 5,127 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of ALPS Active REIT ETF by 12.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after purchasing an additional 3,490 shares during the period. Envestnet Asset Management Inc. lifted its stake in ALPS Active REIT ETF by 96.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock valued at $439,000 after purchasing an additional 8,196 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in ALPS Active REIT ETF during the first quarter worth about $413,000.

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.