ALPS Active REIT ETF (NASDAQ:REIT) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of ALPS Active REIT ETF (NASDAQ:REIT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.56 and traded as low as $26.58. ALPS Active REIT ETF shares last traded at $26.70, with a volume of 6,733 shares trading hands.

ALPS Active REIT ETF Stock Performance

The firm’s fifty day simple moving average is $26.60 and its 200 day simple moving average is $27.56. The stock has a market capitalization of $44.06 million, a P/E ratio of 29.36 and a beta of 1.01.

ALPS Active REIT ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 20th were paid a $0.1998 dividend. This is a boost from ALPS Active REIT ETF’s previous dividend of $0.19. The ex-dividend date was Thursday, March 20th.

Institutional Investors Weigh In On ALPS Active REIT ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arete Wealth Advisors LLC lifted its holdings in shares of ALPS Active REIT ETF by 8.0% in the fourth quarter. Arete Wealth Advisors LLC now owns 24,559 shares of the company’s stock worth $669,000 after acquiring an additional 1,822 shares during the last quarter. Harbour Investments Inc. boosted its position in ALPS Active REIT ETF by 1,388.6% in the fourth quarter. Harbour Investments Inc. now owns 2,471 shares of the company’s stock valued at $67,000 after buying an additional 2,305 shares in the last quarter. Arbor Capital Management Inc. ADV boosted its position in ALPS Active REIT ETF by 18.4% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 24,835 shares of the company’s stock valued at $682,000 after buying an additional 3,853 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in shares of ALPS Active REIT ETF by 383.0% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 116,917 shares of the company’s stock worth $3,187,000 after buying an additional 92,709 shares in the last quarter. Finally, Park Edge Advisors LLC bought a new position in shares of ALPS Active REIT ETF in the 4th quarter valued at $381,000.

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.