U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Down 0.3% – Time to Sell?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY)’s share price was down 0.3% on Wednesday . The company traded as low as $33.33 and last traded at $33.57. Approximately 23,823 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 17,825 shares. The stock had previously closed at $33.66.

U.S. Diversified Real Estate ETF Trading Up 0.6 %

The company’s fifty day moving average is $33.88 and its 200-day moving average is $32.08. The firm has a market capitalization of $146.54 million, a P/E ratio of 28.30 and a beta of 0.99.

Hedge Funds Weigh In On U.S. Diversified Real Estate ETF

An institutional investor recently bought a new position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors purchased a new position in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,048 shares of the company’s stock, valued at approximately $483,000. Arkadios Wealth Advisors owned about 0.33% of U.S. Diversified Real Estate ETF 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.