iShares Core U.S. REIT ETF (NYSEARCA:USRT) Hits New 12-Month High – Here’s Why

iShares Core U.S. REIT ETF (NYSEARCA:USRT) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $65.60 and last traded at $65.51, with a volume of 33004 shares traded. The stock had previously closed at $65.38.

iShares Core U.S. REIT ETF Trading Down 0.3%

The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 35.32 and a beta of 0.99. The stock’s 50-day moving average price is $62.32 and its 200-day moving average price is $60.17.

Institutional Trading of iShares Core U.S. REIT ETF

Several hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in iShares Core U.S. REIT ETF during the 3rd quarter valued at $29,000. WealthShield Partners LLC purchased a new position in shares of iShares Core U.S. REIT ETF in the 4th quarter worth about $29,000. Signaturefd LLC boosted its position in shares of iShares Core U.S. REIT ETF by 143.7% in the fourth quarter. Signaturefd LLC now owns 641 shares of the company’s stock valued at $37,000 after acquiring an additional 378 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $38,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $40,000.

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.