Rakuten Investment Management Inc. Buys New Holdings in iShares Core U.S. REIT ETF $USRT

Rakuten Investment Management Inc. purchased a new position in shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 741,871 shares of the company’s stock, valued at approximately $43,229,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Range Financial Group LLC raised its stake in shares of iShares Core U.S. REIT ETF by 1.1% in the 3rd quarter. Range Financial Group LLC now owns 15,222 shares of the company’s stock valued at $894,000 after buying an additional 172 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in iShares Core U.S. REIT ETF by 1.3% in the third quarter. MFA Wealth Advisors LLC now owns 19,625 shares of the company’s stock valued at $1,152,000 after acquiring an additional 245 shares during the period. Landmark Wealth Management LLC raised its position in iShares Core U.S. REIT ETF by 3.6% in the third quarter. Landmark Wealth Management LLC now owns 7,021 shares of the company’s stock worth $412,000 after purchasing an additional 247 shares in the last quarter. Quantinno Capital Management LP raised its position in iShares Core U.S. REIT ETF by 3.4% in the second quarter. Quantinno Capital Management LP now owns 7,638 shares of the company’s stock worth $432,000 after purchasing an additional 250 shares in the last quarter. Finally, Intergy Private Wealth LLC lifted its stake in iShares Core U.S. REIT ETF by 1.7% during the third quarter. Intergy Private Wealth LLC now owns 15,223 shares of the company’s stock worth $894,000 after purchasing an additional 256 shares during the period.

iShares Core U.S. REIT ETF Trading Down 1.5%

NYSEARCA USRT opened at $58.76 on Wednesday. iShares Core U.S. REIT ETF has a 1-year low of $48.47 and a 1-year high of $60.63. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 35.32 and a beta of 1.02. The stock’s 50 day moving average is $57.75 and its two-hundred day moving average is $57.72.

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.