U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Down 0.5% – What’s Next?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY)’s stock price dropped 0.5% on Monday . The stock traded as low as $30.41 and last traded at $30.48. Approximately 4,983 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 5,386 shares. The stock had previously closed at $30.64.

U.S. Diversified Real Estate ETF Stock Down 0.5%

The stock has a market cap of $28.96 million, a price-to-earnings ratio of 34.93 and a beta of 1.03. The company has a 50 day simple moving average of $30.30 and a 200 day simple moving average of $30.41.

Institutional Trading of U.S. Diversified Real Estate ETF

A hedge fund recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors boosted its holdings in U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,718 shares of the company’s stock after buying an additional 1,367 shares during the quarter. Arkadios Wealth Advisors owned approximately 1.42% of U.S. Diversified Real Estate ETF worth $539,000 at the end of the most recent reporting period.

About U.S. Diversified Real Estate ETF

The Vident U.S. Diversified Real Estate ETF (PPTY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of fundamentally-selected and -weighted US-listed equities that derive income from the ownership or management of real estate. PPTY was launched on Mar 24, 2018 and is managed by Vident.