NETLease Corporate Real Estate ETF (NYSEARCA:NETL) Trading Down 2% – Here’s What Happened

NETLease Corporate Real Estate ETF (NYSEARCA:NETL) shares fell 2% during trading on Thursday . The company traded as low as $22.25 and last traded at $22.60. 2,389 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 9,805 shares. The stock had previously closed at $23.07.

NETLease Corporate Real Estate ETF Stock Down 2.0 %

The stock has a 50-day simple moving average of $24.32 and a two-hundred day simple moving average of $24.78. The firm has a market cap of $34.58 million, a PE ratio of 24.65 and a beta of 1.11.

NETLease Corporate Real Estate ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 27th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 27th.

About NETLease Corporate Real Estate ETF

The fundamental Income Net Lease Real Estate ETF (NETL) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index that provides current income by investing in net lease US real estate equities weighted by a modified market-cap strategy. NETL was launched on Mar 22, 2019 and is managed by NETL.