NETLease Corporate Real Estate ETF Price Performance & Hedge Fund Activity
NETLease Corporate Real Estate ETF (NYSEARCA:NETL) experienced a slight decrease in share price during trading on Tuesday, with a 0.1% drop. The stock reached a low of $23.15 and closed at $23.33. Despite the dip in price, the company still saw a total of 3,632 shares traded, although this was a 56% decrease from the average daily volume of 8,303 shares.
With a market cap of $85.15 million, a price-to-earnings ratio of 25.06, and a beta of 1.02, NETLease Corporate Real Estate ETF is a prominent player in the real estate market. The company also boasts a 50-day simple moving average of $23.58 and a 200-day simple moving average of $23.04.
In other news, institutional investors are showing interest in NETLease Corporate Real Estate ETF, with JPMorgan Chase & Co. recently purchasing 1,384 shares of the company’s stock, valued at approximately $35,000. This move indicates a positive outlook on the company’s performance and potential for growth.
NETLease Corporate Real Estate ETF, managed by NETL, is an exchange-traded fund that primarily invests in real estate equity. Launched in 2019, the fund tracks an index focused on providing current income through investments in net lease US real estate equities weighted by a modified market-cap strategy.
Overall, despite the slight decrease in share price, NETLease Corporate Real Estate ETF continues to attract investors and maintain a strong position in the real estate market. Keep an eye on this company for potential opportunities in the future.
