Residential REIT ETF (BATS:HAUS) Stock Jumps 1.3% – Still a Buy?

Residential REIT ETF (BATS:HAUS) shot up 1.3% during mid-day trading on Thursday. The company traded as high as $16.98 and last traded at $16.98. Approximately 178 shares changed hands during trading, a decline of 94% from the average daily volume of 3,042 shares. The stock had previously closed at $16.76.

Residential REIT ETF Stock Up 0.5%

The firm has a market cap of $7.68 million, a P/E ratio of 42.72 and a beta of 0.78. The firm’s 50-day simple moving average is $17.73 and its 200 day simple moving average is $18.30.

Residential REIT ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were issued a $0.1603 dividend. This is a drop from Residential REIT ETF’s previous quarterly dividend of $0.3402. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.8%.

Hedge Funds Weigh In On Residential REIT ETF

An institutional investor recently raised its position in Residential REIT ETF stock. ZEGA Investments LLC boosted its position in Residential REIT ETF (BATS:HAUS) by 8.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,200 shares of the company’s stock after buying an additional 2,556 shares during the quarter. ZEGA Investments LLC owned approximately 6.93% of Residential REIT ETF worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Residential REIT ETF Company Profile

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.