Residential REIT ETF (BATS:HAUS) Shares Down 2.6% – Time to Sell?

Residential REIT ETF (BATS:HAUS)’s stock price dropped 2.6% on Friday . The stock traded as low as $17.05 and last traded at $17.11. Approximately 2,158 shares were traded during trading, a decline of 50% from the average daily volume of 4,286 shares. The stock had previously closed at $17.56.

Residential REIT ETF Price Performance

The business’s 50-day simple moving average is $18.09 and its 200-day simple moving average is $17.75. The company has a market cap of $7.70 million, a price-to-earnings ratio of 42.72 and a beta of 0.78.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Spire Wealth Management bought a new stake in shares of Residential REIT ETF during the 3rd quarter valued at about $121,000. Ethos Financial Group LLC lifted its holdings in Residential REIT ETF by 10.8% in the third quarter. Ethos Financial Group LLC now owns 29,027 shares of the company’s stock worth $517,000 after acquiring an additional 2,830 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Residential REIT ETF in the second quarter valued at approximately $875,000.

About Residential REIT ETF

The Home Appreciation U.S. REIT ETF (HAUS) is an exchange-traded fund that mostly invests in real estate equity. The fund provides exposure to publicly traded REITS that derive a substantial amount of their revenue from US residential properties. The fund is actively managed. HAUS was launched on Feb 28, 2022 and is managed by Armada ETF Advisors.