U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Up 1% – Should You Buy?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY)’s share price traded up 1% during trading on Tuesday . The stock traded as high as $31.91 and last traded at $31.91. 6,580 shares changed hands during trading, an increase of 34% from the average session volume of 4,928 shares. The stock had previously closed at $31.60.

U.S. Diversified Real Estate ETF Stock Performance

The stock’s 50-day moving average price is $30.61 and its two-hundred day moving average price is $30.48. The stock has a market capitalization of $30.31 million, a PE ratio of 34.93 and a beta of 1.03.

Institutional Trading of U.S. Diversified Real Estate ETF

A hedge fund recently raised its stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors boosted its stake in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,718 shares of the company’s stock after buying an additional 1,367 shares during the period. Arkadios Wealth Advisors owned approximately 1.42% of U.S. Diversified Real Estate ETF worth $539,000 at the end of the most recent reporting period.

About U.S. Diversified Real Estate ETF

The Vident U.S. Diversified Real Estate ETF (PPTY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of fundamentally-selected and -weighted US-listed equities that derive income from the ownership or management of real estate. PPTY was launched on Mar 24, 2018 and is managed by Vident.