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

Shares of ALPS Active REIT ETF (NASDAQ:REIT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.57 and traded as high as $27.39. ALPS Active REIT ETF shares last traded at $27.37, with a volume of 4,994 shares changing hands.

ALPS Active REIT ETF Stock Performance

The company has a 50-day moving average of $26.59 and a 200 day moving average of $26.57. The firm has a market cap of $45.98 million, a P/E ratio of 35.67 and a beta of 0.99.

Institutional Investors Weigh In On ALPS Active REIT ETF

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new position in ALPS Active REIT ETF during the 1st quarter valued at about $413,000. Envestnet Asset Management Inc. increased its holdings in shares of ALPS Active REIT ETF by 96.5% during the second quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock worth $439,000 after buying an additional 8,196 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in shares of ALPS Active REIT ETF by 6.2% during the third quarter. Ellsworth Advisors LLC now owns 138,735 shares of the company’s stock worth $3,702,000 after buying an additional 8,066 shares in the last quarter. Advisor OS LLC raised its stake in shares of ALPS Active REIT ETF by 21.4% in the third quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock valued at $327,000 after acquiring an additional 2,151 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its holdings in shares of ALPS Active REIT ETF by 13.1% in the 3rd quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock worth $1,187,000 after acquiring an additional 5,127 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.