ALPS Active REIT ETF (NASDAQ:REIT) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

ALPS Active REIT ETF (NASDAQ:REIT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.42 and traded as high as $30.21. ALPS Active REIT ETF shares last traded at $29.36, with a volume of 6,998 shares changing hands.

ALPS Active REIT ETF Stock Down 0.8%

The company has a market cap of $49.91 million, a P/E ratio of 35.67 and a beta of 0.96. The business has a fifty day moving average price of $28.51 and a 200-day moving average price of $27.42.

ALPS Active REIT ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 19th were issued a dividend of $0.1817 per share. This represents a $0.73 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REIT. Kestra Advisory Services LLC bought a new position in ALPS Active REIT ETF during the 4th quarter worth $38,000. Park Edge Advisors LLC acquired a new position in shares of ALPS Active REIT ETF in the fourth quarter valued at about $201,000. Advisor OS LLC grew its stake in shares of ALPS Active REIT ETF by 21.4% in the third quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock valued at $327,000 after acquiring an additional 2,151 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in ALPS Active REIT ETF during the first quarter worth about $413,000. Finally, Kestra Private Wealth Services LLC increased its position in ALPS Active REIT ETF by 12.1% during the third quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock worth $867,000 after acquiring an additional 3,490 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.