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

iShares Core U.S. REIT ETF (NYSEARCA:USRT)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $48.68 and last traded at $48.68, with a volume of 17781 shares. The stock had previously closed at $50.37.

iShares Core U.S. REIT ETF Stock Down 1.3 %

The stock’s fifty day simple moving average is $57.65 and its two-hundred day simple moving average is $58.89. The firm has a market cap of $2.47 billion, a PE ratio of 32.54 and a beta of 1.10.

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

A number of institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its holdings in iShares Core U.S. REIT ETF by 3.3% in the 4th quarter. US Bancorp DE now owns 2,775,610 shares of the company’s stock worth $159,070,000 after acquiring an additional 87,662 shares during the last quarter. Trust Co of Tennessee increased its holdings in iShares Core U.S. REIT ETF by 2.0% in the 4th quarter. Trust Co of Tennessee now owns 1,163,734 shares of the company’s stock worth $66,692,000 after acquiring an additional 22,723 shares in the last quarter. Bank of America Corp DE raised its position in shares of iShares Core U.S. REIT ETF by 382.3% during the 4th quarter. Bank of America Corp DE now owns 984,463 shares of the company’s stock valued at $56,420,000 after purchasing an additional 780,348 shares during the period. LPL Financial LLC lifted its position in shares of iShares Core U.S. REIT ETF by 256.5% in the fourth quarter. LPL Financial LLC now owns 781,468 shares of the company’s stock valued at $44,786,000 after acquiring an additional 562,265 shares in the last quarter. Finally, Heritage Financial Services LLC boosted its stake in iShares Core U.S. REIT ETF by 4.1% in the 4th quarter. Heritage Financial Services LLC now owns 764,424 shares of the company’s stock worth $43,809,000 after purchasing an additional 30,408 shares during the period.

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.