ALPS Active REIT ETF (NASDAQ:REIT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

ALPS Active REIT ETF (NASDAQ:REIT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.54 and traded as high as $29.97. ALPS Active REIT ETF shares last traded at $29.94, with a volume of 12,819 shares traded.

ALPS Active REIT ETF Stock Up 0.3%

The firm’s 50-day moving average price is $28.61 and its two-hundred day moving average price is $27.54. The firm has a market capitalization of $50.90 million, a PE ratio of 35.67 and a beta of 0.96.

ALPS Active REIT ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Thursday, March 19th were given a $0.1817 dividend. This represents a $0.73 annualized dividend and a dividend yield of 2.4%. 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 the stock. Ellsworth Advisors LLC grew its position in ALPS Active REIT ETF by 4.6% during the fourth quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock valued at $3,915,000 after purchasing an additional 6,326 shares in the last quarter. Arete Wealth Advisors LLC grew its position in ALPS Active REIT ETF by 7.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,277 shares in the last quarter. Kestra Private Wealth Services LLC grew 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 valued at $867,000 after purchasing an additional 3,490 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in ALPS Active REIT ETF during the first quarter valued at approximately $413,000. Finally, Advisor OS LLC grew its position in ALPS Active REIT ETF by 21.4% during the third quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock valued at $327,000 after purchasing an additional 2,151 shares in the last quarter.

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.