U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Up 0.9% – Here’s Why

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

U.S. Diversified Real Estate ETF Price Performance

The stock’s 50 day simple moving average is $33.39 and its two-hundred day simple moving average is $32.85. The firm has a market cap of $138.25 million, a P/E ratio of 28.30 and a beta of 0.99.

Hedge Funds 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) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 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.