Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) Shares Up 1.2% – Should You Buy?

Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET)’s share price traded up 1.2% on Friday . The stock traded as high as $10.19 and last traded at $10.11. 78,078 shares traded hands during trading, an increase of 31% from the average session volume of 59,389 shares. The stock had previously closed at $9.99.

Hoya Capital High Dividend Yield ETF Price Performance

The firm has a market cap of $61.67 million, a P/E ratio of 12.76 and a beta of 1.17. The stock’s 50 day moving average is $10.72 and its two-hundred day moving average is $10.65.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hoya Capital High Dividend Yield ETF stock. Hoya Capital Real Estate LLC raised its stake in Hoya Capital High Dividend Yield ETF (NYSEARCA:RIET) by 33.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,163 shares of the company’s stock after acquiring an additional 13,050 shares during the quarter. Hoya Capital High Dividend Yield ETF comprises approximately 10.3% of Hoya Capital Real Estate LLC’s investment portfolio, making the stock its 4th biggest holding. Hoya Capital Real Estate LLC owned approximately 0.86% of Hoya Capital High Dividend Yield ETF worth $526,000 as of its most recent SEC filing.

Hoya Capital High Dividend Yield ETF Company Profile

The Hoya Capital High Dividend Yield ETF (RIET) is an exchange-traded fund that is based on the Hoya Capital High Dividend Yield index. The fund tracks an index of 100 high-dividend-paying, US-listed common and preferred stocks of REITs and real estate operating companies. RIET was launched on Sep 21, 2021 and is managed by Hoya.