iShares Core U.S. REIT ETF (NYSEARCA:USRT) Sets New 12-Month High – Here’s Why

Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) hit a new 52-week high during trading on Tuesday . The company traded as high as $62.94 and last traded at $62.46, with a volume of 18376 shares traded. The stock had previously closed at $62.29.

iShares Core U.S. REIT ETF Stock Performance

The company’s 50 day moving average is $58.54 and its 200 day moving average is $58.14. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 35.32 and a beta of 1.02.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in USRT. Cornerstone Management Inc. grew its position in shares of iShares Core U.S. REIT ETF by 16.1% in the 3rd quarter. Cornerstone Management Inc. now owns 147,076 shares of the company’s stock worth $8,636,000 after buying an additional 20,449 shares during the last quarter. Biltmore Wealth Management LLC lifted its stake in iShares Core U.S. REIT ETF by 5.3% in the third quarter. Biltmore Wealth Management LLC now owns 209,326 shares of the company’s stock worth $12,292,000 after acquiring an additional 10,537 shares during the period. Earned Wealth Advisors LLC boosted its holdings in iShares Core U.S. REIT ETF by 20.0% in the third quarter. Earned Wealth Advisors LLC now owns 82,189 shares of the company’s stock valued at $4,826,000 after acquiring an additional 13,682 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares Core U.S. REIT ETF by 15.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 459,255 shares of the company’s stock worth $25,975,000 after purchasing an additional 61,716 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in iShares Core U.S. REIT ETF by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 870,659 shares of the company’s stock worth $51,125,000 after purchasing an additional 31,328 shares in the last quarter.

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.