Arbor Capital Management Inc. ADV Raises Stock Position in ALPS Active REIT ETF (NASDAQ:REIT)

Arbor Capital Management Inc. ADV lifted its stake in shares of ALPS Active REIT ETF (NASDAQ:REIT) by 18.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,835 shares of the company’s stock after acquiring an additional 3,853 shares during the quarter. Arbor Capital Management Inc. ADV’s holdings in ALPS Active REIT ETF were worth $682,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Harbour Investments Inc. raised its position in ALPS Active REIT ETF by 1,388.6% in the 4th quarter. Harbour Investments Inc. now owns 2,471 shares of the company’s stock valued at $67,000 after purchasing an additional 2,305 shares during the last quarter. Park Edge Advisors LLC purchased a new stake in ALPS Active REIT ETF in the 4th quarter valued at $381,000. Arete Wealth Advisors LLC purchased a new stake in ALPS Active REIT ETF in the 3rd quarter valued at $658,000. Robertson Stephens Wealth Management LLC raised its position in ALPS Active REIT ETF by 383.0% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 116,917 shares of the company’s stock valued at $3,187,000 after purchasing an additional 92,709 shares during the last quarter. Finally, Ellsworth Advisors LLC raised its position in ALPS Active REIT ETF by 4.6% in the 4th quarter. Ellsworth Advisors LLC now owns 121,326 shares of the company’s stock valued at $3,307,000 after purchasing an additional 5,378 shares during the last quarter.

ALPS Active REIT ETF Stock Performance

Shares of REIT opened at $27.11 on Monday. The stock has a market capitalization of $42.02 million, a P/E ratio of 32.40 and a beta of 1.01. The company’s fifty day moving average is $27.60 and its two-hundred day moving average is $28.25. ALPS Active REIT ETF has a 1 year low of $23.61 and a 1 year high of $30.26.

ALPS Active REIT ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 26th. Shareholders of record on Thursday, December 19th were paid a $0.1895 dividend. The ex-dividend date of this dividend was Thursday, December 19th.

ALPS Active REIT ETF Company Profile

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.