ALPS Active REIT ETF (NASDAQ:REIT) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of ALPS Active REIT ETF (NASDAQ:REIT) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $30.03 and traded as high as $31.15. ALPS Active REIT ETF shares last traded at $30.97, with a volume of 8,912 shares changing hands.

ALPS Active REIT ETF Trading Up 1.3%

The business’s fifty day simple moving average is $30.03 and its 200 day simple moving average is $28.53. The stock has a market cap of $55.75 million, a price-to-earnings ratio of 35.67 and a beta of 0.94.

ALPS Active REIT ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were issued a $0.2109 dividend. This is a boost from ALPS Active REIT ETF’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, June 18th.

Hedge Funds Weigh In On ALPS Active REIT ETF

Several institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in shares of ALPS Active REIT ETF in the 4th quarter valued at about $38,000. Main Street Group LTD bought a new position in ALPS Active REIT ETF during the 1st quarter worth approximately $83,000. Park Edge Advisors LLC acquired a new position in ALPS Active REIT ETF during the fourth quarter valued at approximately $201,000. Goldman Sachs Group Inc. acquired a new position in ALPS Active REIT ETF during the first quarter valued at approximately $413,000. Finally, Kestra Private Wealth Services LLC increased its stake in ALPS Active REIT ETF by 12.1% in the third quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after purchasing an additional 3,490 shares in the last quarter.

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.