ALPS Active REIT ETF (NASDAQ:REIT) Shares Pass Above 200-Day Moving Average – Time to Sell?

ALPS Active REIT ETF (NASDAQ:REIT)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.64 and traded as high as $28.77. ALPS Active REIT ETF shares last traded at $28.59, with a volume of 9,579 shares trading hands.

ALPS Active REIT ETF Price Performance

The firm’s 50 day moving average is $26.77 and its 200 day moving average is $26.64. The company has a market capitalization of $48.03 million, a PE ratio of 35.67 and a beta of 0.99.

Hedge Funds Weigh In On ALPS Active REIT ETF

Several hedge funds and other institutional investors have recently modified their holdings of REIT. Kestra Advisory Services LLC purchased a new stake in shares of ALPS Active REIT ETF during the fourth quarter worth about $38,000. Advisor OS LLC lifted its holdings in ALPS Active REIT ETF by 21.4% in the 3rd quarter. Advisor OS LLC now owns 12,193 shares of the company’s stock worth $327,000 after buying an additional 2,151 shares during the period. Arete Wealth Advisors LLC increased its stake in shares of ALPS Active REIT ETF by 7.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 47,671 shares of the company’s stock valued at $1,255,000 after buying an additional 3,277 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of ALPS Active REIT ETF by 12.1% during the third quarter. Kestra Private Wealth Services LLC now owns 32,363 shares of the company’s stock valued at $867,000 after buying an additional 3,490 shares during the period. Finally, Ellsworth Advisors LLC raised its holdings in shares of ALPS Active REIT ETF by 4.6% during the fourth quarter. Ellsworth Advisors LLC now owns 145,061 shares of the company’s stock valued at $3,915,000 after acquiring an additional 6,326 shares in the last quarter.

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.