Residential REIT ETF (BATS:HAUS) Stock Price Down 2.8% – Here’s Why

Residential REIT ETF (BATS:HAUS) traded down 2.8% during mid-day trading on Monday . The stock traded as low as $18.1208 and last traded at $17.6910. 1,613 shares were traded during trading, a decline of 72% from the average session volume of 5,704 shares. The stock had previously closed at $18.1961.

Residential REIT ETF Stock Performance

The firm has a market capitalization of $7.96 million, a price-to-earnings ratio of 42.72 and a beta of 0.78. The business has a fifty day moving average price of $17.46 and a 200 day moving average price of $17.81.

Institutional Investors Weigh In On Residential REIT ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAUS. Ethos Financial Group LLC acquired a new position in shares of Residential REIT ETF in the 1st quarter valued at about $424,000. Centric Wealth Management raised its holdings in Residential REIT ETF by 6.6% in the first quarter. Centric Wealth Management now owns 32,685 shares of the company’s stock valued at $638,000 after buying an additional 2,032 shares during the period. Tidal Investments LLC acquired a new position in Residential REIT ETF during the second quarter valued at approximately $875,000. Finally, Spire Wealth Management acquired a new position in Residential REIT ETF during the third quarter valued at approximately $121,000.

Residential REIT ETF Company Profile

The Home Appreciation U.S. REIT ETF (HAUS) is an exchange-traded fund that mostly invests in real estate equity. The fund provides exposure to publicly traded REITS that derive a substantial amount of their revenue from US residential properties. The fund is actively managed. HAUS was launched on Feb 28, 2022 and is managed by Armada ETF Advisors.