ALPS Active REIT ETF (NASDAQ:REIT) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of ALPS Active REIT ETF (NASDAQ:REIT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.47 and traded as high as $30.71. ALPS Active REIT ETF shares last traded at $30.52, with a volume of 4,328 shares traded.

ALPS Active REIT ETF Price Performance

The company has a market cap of $57.42 million, a price-to-earnings ratio of 35.67 and a beta of 0.93. The firm’s 50 day simple moving average is $30.77 and its 200-day simple moving average is $29.49.

ALPS Active REIT ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were issued a $0.2109 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This is an increase from ALPS Active REIT ETF’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 2.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in shares of ALPS Active REIT ETF during the first quarter worth about $413,000. Kestra Private Wealth Services LLC increased its position in 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. Arete Wealth Advisors LLC increased its position in ALPS Active REIT ETF by 7.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after acquiring an additional 3,277 shares during the period. Main Street Group LTD purchased a new stake in ALPS Active REIT ETF during the 1st quarter valued at approximately $83,000. Finally, Kestra Advisory Services LLC purchased a new stake in ALPS Active REIT ETF during the 4th quarter valued at approximately $38,000.

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.