ALPS Active REIT ETF (NASDAQ:REIT) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

ALPS Active REIT ETF (NASDAQ:REIT – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.53 and traded as low as $26.18. ALPS Active REIT ETF shares last traded at $26.3550, with a volume of 1,863 shares changing hands.

ALPS Active REIT ETF Trading Up 0.7%

The stock’s fifty day simple moving average is $26.59 and its 200 day simple moving average is $26.53. The company has a market cap of $44.80 million, a price-to-earnings ratio of 35.67 and a beta of 0.99.

Hedge Funds Weigh In On ALPS Active REIT ETF

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in ALPS Active REIT ETF during the first quarter worth $413,000. Envestnet Asset Management Inc. grew its holdings in shares of ALPS Active REIT ETF by 96.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,688 shares of the company’s stock worth $439,000 after purchasing an additional 8,196 shares during the period. Ellsworth Advisors LLC increased its position in shares of ALPS Active REIT ETF by 6.2% during the third quarter. Ellsworth Advisors LLC now owns 138,735 shares of the company’s stock valued at $3,702,000 after acquiring an additional 8,066 shares during the last quarter. Arete Wealth Advisors LLC increased its position in shares of ALPS Active REIT ETF by 13.1% during the third quarter. Arete Wealth Advisors LLC now owns 44,394 shares of the company’s stock valued at $1,187,000 after acquiring an additional 5,127 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in shares of ALPS Active REIT ETF by 12.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after acquiring an additional 3,490 shares during the period.

About ALPS Active REIT ETF

(Get Free Report)

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.

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