ALPS Active REIT ETF (NASDAQ:REIT) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

ALPS Active REIT ETF (NASDAQ:REIT)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $30.03 and traded as high as $31.15. ALPS Active REIT ETF shares last traded at $30.97, with a volume of 8,912 shares changing hands.

ALPS Active REIT ETF Stock Up 1.3%

The stock’s 50-day moving average price is $30.03 and its 200-day moving average price is $28.53. The company has a market capitalization of $55.75 million, a price-to-earnings ratio of 35.67 and a beta of 0.94.

ALPS Active REIT ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were paid a $0.2109 dividend. This is an increase from ALPS Active REIT ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.84 annualized dividend and a dividend yield of 2.7%.

Hedge Funds Weigh In On ALPS Active REIT ETF

Several large investors have recently made changes to their positions in REIT. Main Street Group LTD acquired a new stake in ALPS Active REIT ETF in the first quarter worth about $83,000. Kestra Advisory Services LLC acquired a new position in ALPS Active REIT ETF during the 4th quarter valued at about $38,000. Arete Wealth Advisors LLC lifted its position in ALPS Active REIT ETF by 7.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,277 shares during the period. Park Edge Advisors LLC bought a new position in shares of ALPS Active REIT ETF in the 4th quarter valued at about $201,000. Finally, Ellsworth Advisors LLC grew its position in shares of ALPS Active REIT ETF by 4.6% during the 4th quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock worth $3,915,000 after buying an additional 6,326 shares during the period.

About ALPS Active REIT ETF

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.