U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Trading Down 0.3% – What’s Next?

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY)’s stock price 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 Price Performance

The company has a 50 day simple moving average of $33.89 and a 200-day simple moving average of $32.05. The firm has a market cap of $144.35 million, a PE ratio of 28.30 and a beta of 0.99.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in U.S. Diversified Real Estate ETF stock. Arkadios Wealth Advisors purchased a new position in U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,048 shares of the company’s stock, valued at approximately $483,000. Arkadios Wealth Advisors owned 0.33% of U.S. Diversified Real Estate ETF at the end of the most recent reporting period.

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.