U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Trading 2.1% Higher – Here’s Why

Shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) rose 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 traded hands 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 Performance

The business has a 50-day moving average of $32.13 and a 200-day moving average of $33.00. The stock has a market capitalization of $60.21 million, a price-to-earnings ratio of 33.90 and a beta of 1.05.

Institutional Investors Weigh In On U.S. Diversified Real Estate ETF

Hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC purchased a new position in shares of U.S. Diversified Real Estate ETF in the 4th quarter valued at approximately $233,000. Arkadios Wealth Advisors raised its position in U.S. Diversified Real Estate ETF by 9.4% during 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 last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of U.S. Diversified Real Estate ETF in the 4th quarter worth $27,000.

About U.S. Diversified Real Estate ETF

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.