iShares Core U.S. REIT ETF (NYSEARCA:USRT) Reaches New 1-Year High – Here’s Why
by Sarita Garza · The Markets DailyiShares Core U.S. REIT ETF (NYSEARCA:USRT – Get Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $66.28 and last traded at $66.23, with a volume of 331900 shares changing hands. The stock had previously closed at $64.61.
iShares Core U.S. REIT ETF Stock Performance
The firm has a 50 day simple moving average of $63.48 and a two-hundred day simple moving average of $60.75. The stock has a market cap of $3.87 billion, a P/E ratio of 35.32 and a beta of 0.97.
Hedge Funds Weigh In On iShares Core U.S. REIT ETF
Hedge funds have recently modified their holdings of the company. WealthShield Partners LLC acquired a new position in shares of iShares Core U.S. REIT ETF during the 4th quarter valued at $29,000. Signaturefd LLC increased its position in shares of iShares Core U.S. REIT ETF by 143.7% during the 4th quarter. Signaturefd LLC now owns 641 shares of the company’s stock valued at $37,000 after purchasing an additional 378 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of iShares Core U.S. REIT ETF during the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. acquired a new position in shares of iShares Core U.S. REIT ETF during the 4th quarter valued at $40,000. Finally, Huntington National Bank increased its position in shares of iShares Core U.S. REIT ETF by 71,200.0% during the 4th quarter. Huntington National Bank now owns 713 shares of the company’s stock valued at $41,000 after purchasing an additional 712 shares during the period.
iShares Core U.S. REIT ETF Company Profile
The iShares Core U.S. REIT ETF (USRT) is an exchange-traded fund that is based on the FTSE Nareit \u002F Equity REITs – INV index, a market-cap-weighted index of US-listed REITs USRT was launched on May 1, 2007 and is managed by BlackRock.