iShares Core U.S. REIT ETF (NYSEARCA:USRT) Sees Strong Trading Volume

iShares Core U.S. REIT ETF (NYSEARCA:USRT) shares saw an uptick in trading volume on Thursday . 390,848 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 233,799 shares.The stock last traded at $49.29 and had previously closed at $49.35.

iShares Core U.S. REIT ETF Stock Up 0.1 %

The firm’s 50 day simple moving average is $52.64 and its 200 day simple moving average is $51.06. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 26.66 and a beta of 0.99.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC lifted its position in iShares Core U.S. REIT ETF by 79,315.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 69,785,784 shares of the company’s stock worth $3,450,907,000 after purchasing an additional 69,697,910 shares during the period. Cowa LLC boosted its position in shares of iShares Core U.S. REIT ETF by 7,125.6% during the 1st quarter. Cowa LLC now owns 4,511,503 shares of the company’s stock valued at $4,331,000 after purchasing an additional 4,449,065 shares in the last quarter. CI Private Wealth LLC bought a new stake in shares of iShares Core U.S. REIT ETF in the 4th quarter worth approximately $44,319,000. US Bancorp DE raised its holdings in shares of iShares Core U.S. REIT ETF by 31.6% in the 4th quarter. US Bancorp DE now owns 2,368,681 shares of the company’s stock worth $128,596,000 after purchasing an additional 568,833 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of iShares Core U.S. REIT ETF in the 4th quarter worth approximately $23,209,000.

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.