U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $32.46 and traded as high as $32.61. U.S. Diversified Real Estate ETF shares last traded at $32.61, with a volume of 353 shares trading hands.
U.S. Diversified Real Estate ETF Stock Up 3.1%
The firm’s fifty day moving average price is $32.21 and its 200-day moving average price is $32.49. The stock has a market cap of $23.47 million, a P/E ratio of 34.93 and a beta of 0.91.
U.S. Diversified Real Estate ETF Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Tuesday, October 20th were given a dividend of $0.2878 per share. This represents a $1.15 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, October 20th. This is a decrease from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.2936.
Institutional Investors Weigh In On U.S. Diversified Real Estate ETF
An institutional investor recently raised its position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors grew its position in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,950 shares of the company’s stock after acquiring an additional 1,406 shares during the period. Arkadios Wealth Advisors owned about 2.53% of U.S. Diversified Real Estate ETF worth $571,000 as of its most recent SEC filing.
U.S. Diversified Real Estate ETF Company Profile
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.
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