NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Shares Down 0.5% – Should You Sell?

NETLease Corporate Real Estate ETF (NYSEARCA:NETL) shares fell 0.5% during trading on Wednesday . The stock traded as low as $25.85 and last traded at $25.90. 13,855 shares were traded during trading, a decline of 3% from the average session volume of 14,245 shares. The stock had previously closed at $26.02.

NETLease Corporate Real Estate ETF Stock Performance

The stock has a fifty day simple moving average of $24.45 and a two-hundred day simple moving average of $24.42. The stock has a market cap of $45.84 million, a price-to-earnings ratio of -34.08 and a beta of 0.96.

NETLease Corporate Real Estate ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 28th were paid a $0.105 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a c) annualized dividend and a yield of 4.9%. NETLease Corporate Real Estate ETF’s dividend payout ratio (DPR) is -160.53%.

About NETLease Corporate Real Estate ETF

The fundamental Income Net Lease Real Estate ETF (NETL) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index that provides current income by investing in net lease US real estate equities weighted by a modified market-cap strategy. NETL was launched on Mar 22, 2019 and is managed by NETL.