ALPS Active REIT ETF (NASDAQ:REIT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

ALPS Active REIT ETF (NASDAQ:REIT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.31 and traded as high as $28.35. ALPS Active REIT ETF shares last traded at $28.17, with a volume of 2,096 shares trading hands.

ALPS Active REIT ETF Stock Performance

The stock has a market cap of $38.60 million, a PE ratio of 29.33 and a beta of 1.01. The stock has a fifty day moving average price of $28.36 and a 200 day moving average price of $26.34.

ALPS Active REIT ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.2134 per share. This represents a $0.85 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, September 19th.

Institutional Investors Weigh In On ALPS Active REIT ETF

A hedge fund recently bought a new stake in ALPS Active REIT ETF stock. Fermata Advisors LLC acquired a new stake in ALPS Active REIT ETF (NASDAQ:REIT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,141 shares of the company’s stock, valued at approximately $236,000. Fermata Advisors LLC owned about 0.96% of ALPS Active REIT ETF as of its most recent SEC filing.

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.