U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Up 2.1% – Still a Buy?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) was up 2.1% during mid-day trading on Monday . The stock traded as high as $31.69 and last traded at $31.69. Approximately 2,940 shares were traded during trading, a decline of 85% from the average daily volume of 19,518 shares. The stock had previously closed at $31.04.

U.S. Diversified Real Estate ETF Stock Up 0.5 %

The business’s 50 day simple moving average is $32.13 and its 200 day simple moving average is $32.99. The stock has a market cap of $60.04 million, a price-to-earnings ratio of 33.90 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors raised its stake in 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 valued at $494,000 after acquiring an additional 1,325 shares during the period. Advisors Preferred LLC acquired a new position in shares of U.S. Diversified Real Estate ETF in the fourth quarter valued at $233,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of U.S. Diversified Real Estate ETF in the fourth quarter valued at $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.