Envestnet Asset Management Inc. Increases Stake in ALPS Active REIT ETF $REIT

Envestnet Asset Management Inc. boosted its stake in ALPS Active REIT ETF (NASDAQ:REIT) by 96.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,688 shares of the company’s stock after buying an additional 8,196 shares during the period. Envestnet Asset Management Inc. owned 0.99% of ALPS Active REIT ETF worth $439,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in shares of ALPS Active REIT ETF in the 2nd quarter valued at approximately $35,000. Main Street Group LTD raised its holdings in ALPS Active REIT ETF by 187.9% in the second quarter. Main Street Group LTD now owns 2,372 shares of the company’s stock worth $62,000 after purchasing an additional 1,548 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in ALPS Active REIT ETF during the first quarter valued at $413,000. Arete Wealth Advisors LLC boosted its holdings in shares of ALPS Active REIT ETF by 18.5% during the 1st quarter. Arete Wealth Advisors LLC now owns 29,107 shares of the company’s stock valued at $795,000 after buying an additional 4,548 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its holdings in shares of ALPS Active REIT ETF by 2.6% during the 1st quarter. Ellsworth Advisors LLC now owns 124,495 shares of the company’s stock valued at $3,399,000 after buying an additional 3,169 shares in the last quarter.

ALPS Active REIT ETF Price Performance

NASDAQ:REIT opened at $26.70 on Wednesday. The firm’s 50-day moving average price is $26.62 and its 200-day moving average price is $26.55. The company has a market capitalization of $45.39 million, a PE ratio of 35.67 and a beta of 0.99. ALPS Active REIT ETF has a 1-year low of $23.40 and a 1-year high of $30.26.

ALPS Active REIT ETF 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.