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

Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) saw unusually-high trading volume on Tuesday. Approximately 703,299 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 608,699 shares. The stock last traded at $64.5370 and had previously closed at $64.48.

iShares Core U.S. REIT ETF Price Performance

The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 35.32 and a beta of 0.95. The firm has a 50-day moving average of $63.42 and a 200 day moving average of $63.71.

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

Several hedge funds have recently bought and sold shares of USRT. Root Financial Partners LLC acquired a new stake in shares of iShares Core U.S. REIT ETF in the third quarter valued at approximately $31,000. Signaturefd LLC acquired a new position in shares of iShares Core U.S. REIT ETF in the third quarter valued at about $40,000. Western Wealth Management LLC bought a new position in shares of iShares Core U.S. REIT ETF during the first quarter worth approximately $65,000. First Horizon Corp acquired a new position in iShares Core U.S. REIT ETF in the 1st quarter valued at $65,000. Finally, Latitude Advisors LLC acquired a new stake in iShares Core U.S. REIT ETF during the third quarter worth about $69,000.

About iShares Core U.S. REIT ETF

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.