ALPS Active REIT ETF (NASDAQ:REIT) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of ALPS Active REIT ETF (NASDAQ:REIT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.55 and traded as high as $26.75. ALPS Active REIT ETF shares last traded at $26.44, with a volume of 10,815 shares.

ALPS Active REIT ETF Trading Down 0.9%

The stock has a market cap of $44.42 million, a P/E ratio of 35.67 and a beta of 0.99. The company’s fifty day simple moving average is $26.55 and its 200-day simple moving average is $26.55.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new stake in ALPS Active REIT ETF during the second quarter valued at approximately $35,000. Park Edge Advisors LLC acquired a new stake in ALPS Active REIT ETF in the 4th quarter valued at $201,000. Advisor OS LLC grew its position in 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 acquiring an additional 2,151 shares during the period. Goldman Sachs Group Inc. bought a new stake in ALPS Active REIT ETF in the first quarter valued at $413,000. Finally, Envestnet Asset Management Inc. raised its stake in ALPS Active REIT ETF by 96.5% during the second quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock worth $439,000 after acquiring an additional 8,196 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.