ALPS Active REIT ETF (NASDAQ:REIT) Shares Cross Above 200-Day Moving Average – Here’s Why

ALPS Active REIT ETF (NASDAQ:REIT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.63 and traded as high as $31.01. ALPS Active REIT ETF shares last traded at $30.83, with a volume of 4,070 shares traded.

ALPS Active REIT ETF Stock Performance

The business has a fifty day simple moving average of $30.84 and a 200 day simple moving average of $29.65. The stock has a market cap of $56.49 million, a price-to-earnings ratio of 35.67 and a beta of 0.93.

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 given a dividend of $0.2109 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%. This is a boost from ALPS Active REIT ETF’s previous quarterly dividend of $0.18.

Institutional Investors Weigh In On ALPS Active REIT ETF

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new position in shares of ALPS Active REIT ETF during the first quarter valued at approximately $413,000. Kestra Private Wealth Services LLC raised its holdings in ALPS Active REIT ETF by 12.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after acquiring an additional 3,490 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in shares of ALPS Active REIT ETF by 7.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock worth $1,255,000 after purchasing an additional 3,277 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of ALPS Active REIT ETF during the 4th quarter worth $38,000. Finally, Main Street Group LTD acquired a new stake in shares of ALPS Active REIT ETF during the first quarter worth $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.