United Development Funding IV (OTCMKTS:UDFI – Get Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $1.40 and traded as high as $1.55. United Development Funding IV shares last traded at $1.40, with a volume of 63,400 shares.
United Development Funding IV Stock Down 6.0%
The business has a fifty day moving average of $1.40 and a 200 day moving average of $1.40.
United Development Funding IV Company Profile
United Development Funding IV is a real estate investment trust focused on providing financing for residential real estate development and construction. The company’s investment activities have generally involved originating or acquiring loans secured by residential land, lots, and housing projects.
Its financing supports land acquisition, land development, and the construction of single-family homes and related residential communities. United Development Funding IV has historically concentrated on markets in Texas, including the Dallas–Fort Worth area, although its investment portfolio may also include properties or loans in other U.S.
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