ALPS Active REIT ETF (NASDAQ:REIT) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of ALPS Active REIT ETF (NASDAQ:REIT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.28 and traded as high as $29.58. ALPS Active REIT ETF shares last traded at $29.08, with a volume of 9,960 shares traded.

ALPS Active REIT ETF Stock Down 1.2%

The business has a fifty day moving average price of $28.42 and a 200-day moving average price of $27.28. The company has a market cap of $49.15 million, a P/E ratio of 35.67 and a beta of 0.97.

ALPS Active REIT ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 19th were issued a dividend of $0.1817 per share. This represents a $0.73 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 19th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in REIT. Goldman Sachs Group Inc. acquired a new stake in ALPS Active REIT ETF in the 1st quarter worth about $413,000. Ellsworth Advisors LLC raised its position in shares of ALPS Active REIT ETF by 6.2% in the third quarter. Ellsworth Advisors LLC now owns 138,735 shares of the company’s stock valued at $3,702,000 after buying an additional 8,066 shares in the last quarter. Advisor OS LLC boosted its stake in shares of ALPS Active REIT ETF by 21.4% in the third 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 period. Arete Wealth Advisors LLC boosted its stake in shares of ALPS Active REIT ETF by 13.1% in the third quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock valued at $1,187,000 after buying an additional 5,127 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in ALPS Active REIT ETF by 12.1% during the third quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock worth $867,000 after buying an additional 3,490 shares in the last quarter.

ALPS Active REIT ETF Company 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.