iShares Core U.S. REIT ETF (NYSEARCA:USRT) Sees Large Volume Increase – Here’s Why

iShares Core U.S. REIT ETF (NYSEARCA:USRT) saw unusually-high trading volume on Wednesday. 1,423,745 shares traded hands during trading, an increase of 177% from the previous session’s volume of 514,646 shares. The stock last traded at $61.8730 and had previously closed at $62.19.

iShares Core U.S. REIT ETF Trading Down 0.5%

The company has a 50-day simple moving average of $65.71 and a 200 day simple moving average of $64.82. The company has a market cap of $4.28 billion, a P/E ratio of 35.32 and a beta of 0.95.

Institutional Investors Weigh In On iShares Core U.S. REIT ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of iShares Core U.S. REIT ETF during the fourth quarter worth approximately $38,000. SHP Wealth Management bought a new stake in shares of iShares Core U.S. REIT ETF during the fourth quarter valued at approximately $46,000. First Horizon Corp purchased a new stake in shares of iShares Core U.S. REIT ETF in the first quarter valued at approximately $65,000. Western Wealth Management LLC purchased a new stake in shares of iShares Core U.S. REIT ETF in the first quarter valued at approximately $65,000. Finally, Compass Financial Management LLC bought a new position in iShares Core U.S. REIT ETF in the second quarter worth approximately $78,000.

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.