U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Trading Up 0.1% – What’s Next?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY)’s stock price was up 0.1% during mid-day trading on Monday . The company traded as high as $33.34 and last traded at $33.06. Approximately 4,313 shares traded hands during trading, a decline of 78% from the average daily volume of 19,723 shares. The stock had previously closed at $33.04.

U.S. Diversified Real Estate ETF Stock Up 0.1 %

The business has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $33.15. The company has a market cap of $62.81 million, a P/E ratio of 32.11 and a beta of 1.05.

Institutional Trading of U.S. Diversified Real Estate ETF

A number of large investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in shares of U.S. Diversified Real Estate ETF in the 4th quarter worth approximately $233,000. Arkadios Wealth Advisors lifted its holdings in shares of U.S. Diversified Real Estate ETF by 9.4% in the 4th quarter. Arkadios Wealth Advisors now owns 15,373 shares of the company’s stock worth $494,000 after buying an additional 1,325 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of U.S. Diversified Real Estate ETF in the 4th quarter worth $27,000.

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.