Robertson Stephens Wealth Management LLC Buys 92,709 Shares of ALPS Active REIT ETF (NASDAQ:REIT)

Robertson Stephens Wealth Management LLC increased its stake in ALPS Active REIT ETF (NASDAQ:REIT) by 383.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,917 shares of the company’s stock after acquiring an additional 92,709 shares during the period. Robertson Stephens Wealth Management LLC owned about 0.08% of ALPS Active REIT ETF worth $3,187,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of REIT. Park Edge Advisors LLC purchased a new position in ALPS Active REIT ETF during the 4th quarter valued at about $381,000. Ellsworth Advisors LLC increased its holdings in ALPS Active REIT ETF by 4.6% during the 4th quarter. Ellsworth Advisors LLC now owns 121,326 shares of the company’s stock valued at $3,307,000 after purchasing an additional 5,378 shares during the period. Finally, Arete Wealth Advisors LLC purchased a new position in ALPS Active REIT ETF during the 3rd quarter valued at about $658,000.

ALPS Active REIT ETF Price Performance

Shares of NASDAQ:REIT opened at $27.89 on Friday. ALPS Active REIT ETF has a 1 year low of $23.61 and a 1 year high of $30.26. The company has a market cap of $43.23 million, a PE ratio of 29.33 and a beta of 1.01. The stock’s 50-day moving average is $27.73 and its 200 day moving average is $28.15.

ALPS Active REIT ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Thursday, December 19th were issued a dividend of $0.1895 per share. The ex-dividend date was Thursday, December 19th.

ALPS Active REIT ETF Profile

The ALPS Active REIT ETF (REIT) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed ETF that provides exposure to publicly traded equity securities of US REITs. REIT was launched on Feb 25, 2021 and is issued by SS&C.