ALPS Active REIT ETF (NASDAQ:REIT) Stock Price Breaks Below 200-Day Moving Average – Time to Sell?

Shares of ALPS Active REIT ETF (NASDAQ:REIT) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $29.78 and traded as low as $27.97. ALPS Active REIT ETF shares last traded at $27.9620, with a volume of 4,900 shares traded.

ALPS Active REIT ETF Price Performance

The firm’s 50 day moving average price is $29.80 and its two-hundred day moving average price is $29.79. The stock has a market cap of $53.24 million, a PE ratio of 35.67 and a beta of 0.93.

ALPS Active REIT ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Thursday, September 17th were paid a $0.2723 dividend. This is a boost from ALPS Active REIT ETF’s previous quarterly dividend of $0.2109. This represents a $1.09 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, September 17th.

Institutional Investors Weigh In On ALPS Active REIT ETF

A hedge fund recently bought a new position in ALPS Active REIT ETF stock. Breakwater Capital Group acquired a new position in ALPS Active REIT ETF (NASDAQ:REIT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,466 shares of the company’s stock, valued at approximately $638,000. Breakwater Capital Group owned about 1.20% of ALPS Active REIT ETF as of its most recent SEC filing.

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.