ALPS Active REIT ETF (NASDAQ:REIT) Shares Break Below Two Hundred Day Moving Average – Here’s Why

ALPS Active REIT ETF (NASDAQ:REIT)’s share price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $29.85 and traded as low as $28.10. ALPS Active REIT ETF shares last traded at $28.16, with a volume of 10,632 shares trading hands.

ALPS Active REIT ETF Trading Down 0.8%

The company has a market cap of $53.79 million, a P/E ratio of 35.67 and a beta of 0.93. The company’s 50-day moving average price is $29.43 and its two-hundred day moving average price is $29.86.

ALPS Active REIT ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 17th were paid a dividend of $0.2723 per share. This is a boost from ALPS Active REIT ETF’s previous quarterly dividend of $0.2109. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.09 annualized dividend and a yield of 3.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of REIT. Breakwater Capital Group bought a new position in shares of ALPS Active REIT ETF during the 3rd quarter valued at $638,000. Cottage Street Advisors LLC acquired a new stake in shares of ALPS Active REIT ETF in the third quarter worth about $237,000. Ellsworth Advisors LLC lifted its position in shares of ALPS Active REIT ETF by 2.6% in the third quarter. Ellsworth Advisors LLC now owns 163,286 shares of the company’s stock worth $4,634,000 after buying an additional 4,137 shares during the last quarter. Finally, Main Street Group LTD acquired a new position in shares of ALPS Active REIT ETF during the 1st quarter valued at about $83,000.

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.