United Development Funding IV (OTCMKTS:UDFI – Get Rating) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.40 and traded as high as $1.55. United Development Funding IV shares last traded at $1.40, with a volume of 63,400 shares.
United Development Funding IV Stock Down 6.0 %
The firm’s fifty day moving average is $1.40 and its 200 day moving average is $1.40.
About United Development Funding IV
United Development Funding IV invests in secured loans for the acquisition and development of land into single-family home lots, and the construction of model and new single-family homes. It also makes equity investments in residential real estate. The company has elected to be taxed as a real estate investment trust.
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