Shares of United Development Funding IV (OTCMKTS:UDFI – Get Free Report) passed above its fifty day moving average during trading on Thursday . 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 trading hands.
United Development Funding IV Stock Down 6.0%
The stock has a 50 day simple moving average of $1.40 and a 200 day simple moving average of $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.
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