U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Trading Up 0.9% – Still a Buy?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY)’s stock price was up 0.9% during trading on Wednesday . The stock traded as high as $32.30 and last traded at $32.15. Approximately 11,554 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 17,453 shares. The stock had previously closed at $31.87.

U.S. Diversified Real Estate ETF Stock Performance

The company’s 50 day simple moving average is $33.39 and its 200 day simple moving average is $32.85. The stock has a market cap of $138.25 million, a PE ratio of 28.30 and a beta of 0.99.

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

A hedge fund recently bought a new stake in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors acquired a new position in shares of U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,048 shares of the company’s stock, valued at approximately $483,000. Arkadios Wealth Advisors owned about 0.33% of U.S. Diversified Real Estate ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.