U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Shares Down 0.3% – Should You Sell?

Posted by Tyrone Williams on Nov 22nd, 2024

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Get Free Report)’s share price dropped 0.3% on Wednesday . The stock traded as low as $33.33 and last traded at $33.57. Approximately 23,823 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 17,825 shares. The stock had previously closed at $33.66.

U.S. Diversified Real Estate ETF Trading Up 0.6 %

The company has a market cap of $146.54 million, a price-to-earnings ratio of 28.30 and a beta of 0.99. The business has a fifty day moving average of $33.88 and a two-hundred day moving average of $32.08.

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 bought a new stake in U.S. Diversified Real Estate ETF (NYSEARCA:PPTY – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 as of its most recent SEC filing.

About U.S. Diversified Real Estate ETF

(Get Free Report)

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.