Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Stock Price Down 0.5% – Should You Sell?

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) was down 0.5% on Friday . The company traded as low as $10.76 and last traded at $10.82. Approximately 34,485 shares traded hands during trading, a decline of 41% from the average daily volume of 58,132 shares. The stock had previously closed at $10.87.

Hoya Capital High Dividend Yield ETF Stock Down 0.5 %

The company has a fifty day simple moving average of $10.89 and a two-hundred day simple moving average of $10.61. The stock has a market capitalization of $66.00 million, a P/E ratio of 12.76 and a beta of 1.17.

Institutional Trading of Hoya Capital High Dividend Yield ETF

A hedge fund recently raised its stake in Hoya Capital High Dividend Yield ETF stock. Hoya Capital Real Estate LLC lifted its stake in shares of Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 33.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,163 shares of the company’s stock after purchasing an additional 13,050 shares during the period. Hoya Capital High Dividend Yield ETF accounts for 10.3% of Hoya Capital Real Estate LLC’s holdings, making the stock its 4th biggest position. Hoya Capital Real Estate LLC owned about 0.86% of Hoya Capital High Dividend Yield ETF worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

About Hoya Capital High Dividend Yield ETF

The Hoya Capital High Dividend Yield ETF (RIET) is an exchange-traded fund that is based on the Hoya Capital High Dividend Yield index. The fund tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies. RIET was launched on Sep 21, 2021 and is managed by Hoya.