ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.55 and traded as high as $26.84. ALPS Active REIT ETF shares last traded at $26.70, with a volume of 8,619 shares trading hands.
ALPS Active REIT ETF Stock Up 0.5%
The company has a 50 day simple moving average of $26.62 and a 200-day simple moving average of $26.55. The stock has a market cap of $45.39 million, a price-to-earnings ratio of 35.67 and a beta of 0.99.
Hedge Funds Weigh In On ALPS Active REIT ETF
Several large investors have recently added to or reduced their stakes in REIT. Farther Finance Advisors LLC bought a new stake in ALPS Active REIT ETF during the second quarter valued at $35,000. Main Street Group LTD grew its position in shares of ALPS Active REIT ETF by 187.9% during the 2nd quarter. Main Street Group LTD now owns 2,372 shares of the company’s stock valued at $62,000 after buying an additional 1,548 shares during the last quarter. Advisor OS LLC grew its position in shares of ALPS Active REIT ETF by 21.4% during the 3rd quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock valued at $327,000 after buying an additional 2,151 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in ALPS Active REIT ETF during the first quarter worth about $413,000. Finally, Envestnet Asset Management Inc. lifted its holdings in ALPS Active REIT ETF by 96.5% in the second quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock worth $439,000 after acquiring an additional 8,196 shares during the last quarter.
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.
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