Residential REIT ETF (BATS:HAUS) Shares Down 3.4% – Time to Sell?

Residential REIT ETF (BATS:HAUS) dropped 3.4% on Tuesday . The company traded as low as $18.1208 and last traded at $17.5790. Approximately 1,613 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 5,704 shares. The stock had previously closed at $18.1961.

Residential REIT ETF Price Performance

The company has a market capitalization of $7.95 million, a P/E ratio of 42.72 and a beta of 0.78. The firm has a fifty day moving average price of $17.46 and a 200-day moving average price of $17.73.

Hedge Funds Weigh In On Residential REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HAUS. Centric Wealth Management grew its position in Residential REIT ETF by 6.6% during the first quarter. Centric Wealth Management now owns 32,685 shares of the company’s stock valued at $638,000 after buying an additional 2,032 shares during the period. Ethos Financial Group LLC boosted its stake in Residential REIT ETF by 10.8% in the third quarter. Ethos Financial Group LLC now owns 29,027 shares of the company’s stock valued at $517,000 after acquiring an additional 2,830 shares during the last quarter. Spire Wealth Management bought a new position in shares of Residential REIT ETF during the 3rd quarter valued at approximately $121,000. Finally, Tidal Investments LLC purchased a new stake in shares of Residential REIT ETF during the 2nd quarter worth approximately $875,000.

Residential REIT ETF Company Profile

The Home Appreciation U.S. REIT ETF (HAUS) is an exchange-traded fund that mostly invests in real estate equity. The fund provides exposure to publicly traded REITS that derive a substantial amount of their revenue from US residential properties. The fund is actively managed. HAUS was launched on Feb 28, 2022 and is managed by Armada ETF Advisors.