U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Get Free Report)’s stock price dropped 0.1% on Friday . The company traded as low as $33.06 and last traded at $33.19. 356 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 3,326 shares. The stock had previously closed at $33.23.
U.S. Diversified Real Estate ETF Stock Performance
The stock has a 50 day moving average of $34.30 and a two-hundred day moving average of $32.86. The stock has a market cap of $24.89 million, a PE ratio of 34.93 and a beta of 0.92.
U.S. Diversified Real Estate ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 16th were issued a $0.2936 dividend. The ex-dividend date was Thursday, July 16th. This is a positive change from U.S. Diversified Real Estate ETF’s previous quarterly dividend of $0.25. This represents a $1.17 annualized dividend and a dividend yield of 3.5%.
Institutional Investors Weigh In On U.S. Diversified Real Estate ETF
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.
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