Power REIT (NYSEAMERICAN:PW) Shares Cross Above 50 Day Moving Average of $0.00

Power REIT (NYSEAMERICAN:PW) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $9.69. Power REIT shares last traded at $9.48, with a volume of 355 shares changing hands.

A hedge fund recently raised its stake in Power REIT stock. Ladenburg Thalmann Financial Services Inc. increased its position in Power REIT (NYSEAMERICAN:PW) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,911 shares of the financial services provider’s stock after purchasing an additional 12,400 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned approximately 7.79% of Power REIT worth $846,000 as of its most recent SEC filing.

About Power REIT (NYSEAMERICAN:PW)

Power REIT is a real estate investment trust (REIT) that acquires, owns and manages real-estate related to energy and transportation infrastructure. Infrastructure assets often have significant embedded real-estate value due to their proximity to supporting infrastructure, favorable geographic or other locational advantages and ownership of hard to acquire operating permits and/or rights of way.

See Also: Earnings Per Share

Receive News & Ratings for Power REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power REIT and related companies with MarketBeat.com's FREE daily email newsletter.