United Development Funding IV (OTCMKTS:UDFI) Share Price Passes Above Fifty Day Moving Average – Here’s Why

United Development Funding IV (OTCMKTS:UDFI)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.40 and traded as high as $1.55. United Development Funding IV shares last traded at $1.40, with a volume of 63,400 shares.

United Development Funding IV Stock Performance

The firm’s 50 day moving average price is $1.40 and its two-hundred day moving average price is $1.40.

About United Development Funding IV

United Development Funding IV invests in secured loans for the acquisition and development of land into single-family home lots, and the construction of model and new single-family homes. It also makes equity investments in residential real estate. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. United Development Funding IV was founded in 2008 and is headquartered in Grapevine, Texas.