U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Down 0.3% – Here’s What Happened

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

U.S. Diversified Real Estate ETF Trading Down 0.3 %

The firm has a market capitalization of $144.35 million, a P/E ratio of 28.30 and a beta of 0.99. The stock’s 50-day simple moving average is $33.89 and its 200-day simple moving average is $32.05.

Institutional Investors 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 acquired a new stake in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,048 shares of the company’s stock, valued at approximately $483,000. Arkadios Wealth Advisors owned approximately 0.33% of U.S. Diversified Real Estate ETF at the end of the most recent quarter.

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.