U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Trading 0.3% Higher – What’s Next?

Shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) were up 0.3% during mid-day trading on Thursday . The company traded as high as $30.77 and last traded at $30.59. Approximately 12,985 shares were traded during trading, a decline of 37% from the average daily volume of 20,690 shares. The stock had previously closed at $30.51.

U.S. Diversified Real Estate ETF Stock Performance

The stock has a market cap of $39.77 million, a PE ratio of 35.31 and a beta of 1.02. The firm has a fifty day moving average price of $30.09 and a 200 day moving average price of $31.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in U.S. Diversified Real Estate ETF stock. JPMorgan Chase & Co. purchased a new position in U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 825 shares of the company’s stock, valued at approximately $27,000.

About U.S. Diversified Real Estate ETF

The Vident U.S. Diversified Real Estate ETF (PPTY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of fundamentally-selected and -weighted US-listed equities that derive income from the ownership or management of real estate. PPTY was launched on Mar 24, 2018 and is managed by Vident.