Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Shares Down 2.3% – Time to Sell?

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET)’s stock price fell 2.3% during trading on Tuesday . The company traded as low as $9.52 and last traded at $9.52. 43,848 shares traded hands during trading, a decline of 52% from the average session volume of 91,571 shares. The stock had previously closed at $9.74.

Hoya Capital High Dividend Yield ETF Trading Down 2.3%

The stock has a market capitalization of $88.82 million, a price-to-earnings ratio of 15.37 and a beta of 1.13. The firm has a 50-day moving average of $9.47 and a 200 day moving average of $9.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RIET. Hoya Capital Real Estate LLC lifted its position in shares of Hoya Capital High Dividend Yield ETF by 3.1% during the 1st quarter. Hoya Capital Real Estate LLC now owns 53,668 shares of the company’s stock worth $538,000 after purchasing an additional 1,605 shares during the last quarter. Worth Asset Management LLC acquired a new position in shares of Hoya Capital High Dividend Yield ETF in the 1st quarter valued at $279,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Hoya Capital High Dividend Yield ETF in the 2nd quarter valued at $29,000.

About Hoya Capital High Dividend Yield ETF

The Hoya Capital High Dividend Yield ETF (RIET) is an exchange-traded fund that is based on the Hoya Capital High Dividend Yield index. The fund tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies. RIET was launched on Sep 21, 2021 and is managed by Hoya.