ALPS Active REIT ETF (NASDAQ:REIT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of ALPS Active REIT ETF (NASDAQ:REIT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.57 and traded as high as $27.39. ALPS Active REIT ETF shares last traded at $27.37, with a volume of 4,994 shares trading hands.

ALPS Active REIT ETF Stock Performance

The stock has a market cap of $45.98 million, a P/E ratio of 35.67 and a beta of 0.99. The company has a 50-day simple moving average of $26.59 and a 200-day simple moving average of $26.57.

Institutional Investors Weigh In On ALPS Active REIT ETF

Hedge funds have recently added to or reduced their stakes in the stock. Park Edge Advisors LLC acquired a new stake in ALPS Active REIT ETF in the 4th quarter valued at about $201,000. Advisor OS LLC grew its stake in shares of ALPS Active REIT ETF by 21.4% during the third quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock valued at $327,000 after purchasing an additional 2,151 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of ALPS Active REIT ETF in the first quarter valued at approximately $413,000. Envestnet Asset Management Inc. raised its position in ALPS Active REIT ETF by 96.5% in 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 last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in ALPS Active REIT ETF by 12.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock worth $867,000 after buying an additional 3,490 shares in the last quarter.

About ALPS Active REIT ETF

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.