ALPS Active REIT ETF (NASDAQ:REIT) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of ALPS Active REIT ETF (NASDAQ:REIT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.30 and traded as high as $30.59. ALPS Active REIT ETF shares last traded at $30.36, with a volume of 27,259 shares changing hands.

ALPS Active REIT ETF Trading Up 0.9%

The company has a 50 day moving average price of $30.69 and a 200-day moving average price of $29.33. The company has a market cap of $56.51 million, a P/E ratio of 35.67 and a beta of 0.93.

ALPS Active REIT ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were paid a $0.2109 dividend. This represents a $0.84 annualized dividend and a yield of 2.8%. This is a boost from ALPS Active REIT ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, June 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REIT. Arete Wealth Advisors LLC lifted its holdings in shares of ALPS Active REIT ETF by 7.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock worth $1,255,000 after acquiring an additional 3,277 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of ALPS Active REIT ETF by 12.1% during the 3rd 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 during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of ALPS Active REIT ETF during the 1st quarter valued at approximately $413,000. Kestra Advisory Services LLC acquired a new position in ALPS Active REIT ETF during the 4th quarter worth approximately $38,000. Finally, Main Street Group LTD acquired a new position in ALPS Active REIT ETF during the 1st quarter worth approximately $83,000.

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.