United Development Funding IV (OTCMKTS:UDFI – Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.40 and traded as high as $1.55. United Development Funding IV shares last traded at $1.40, with a volume of 63,400 shares.
United Development Funding IV Stock Down 6.0%
The company’s fifty day moving average price is $1.40 and its two-hundred day moving average price is $1.40.
About United Development Funding IV
United Development Funding IV invests in secured loans for the acquisition and development of land into single-family home lots, and the construction of model and new single-family homes. It also makes equity investments in residential real estate. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. United Development Funding IV was founded in 2008 and is headquartered in Grapevine, Texas.
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