iShares Core U.S. REIT ETF (NYSEARCA:USRT) Reaches New 12-Month High – Should You Buy?

iShares Core U.S. REIT ETF (NYSEARCA:USRT)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $66.16 and last traded at $65.69, with a volume of 268281 shares trading hands. The stock had previously closed at $65.89.

iShares Core U.S. REIT ETF Stock Performance

The stock has a 50-day moving average of $62.67 and a 200-day moving average of $60.39. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 35.32 and a beta of 0.99.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Beam Wealth Advisors Inc. grew its stake in iShares Core U.S. REIT ETF by 1.6% in the first quarter. Beam Wealth Advisors Inc. now owns 10,400 shares of the company’s stock valued at $616,000 after purchasing an additional 160 shares in the last quarter. Ellis Investment Partners LLC grew its stake in iShares Core U.S. REIT ETF by 1.3% in the fourth quarter. Ellis Investment Partners LLC now owns 14,721 shares of the company’s stock valued at $839,000 after purchasing an additional 182 shares in the last quarter. Insight Advisors LLC PA grew its stake in iShares Core U.S. REIT ETF by 1.7% in the first quarter. Insight Advisors LLC PA now owns 11,050 shares of the company’s stock valued at $654,000 after purchasing an additional 184 shares in the last quarter. Founders Financial Alliance LLC grew its stake in iShares Core U.S. REIT ETF by 33.3% in the third quarter. Founders Financial Alliance LLC now owns 740 shares of the company’s stock valued at $43,000 after purchasing an additional 185 shares in the last quarter. Finally, Comprehensive Money Management Services LLC grew its stake in iShares Core U.S. REIT ETF by 0.6% in the first quarter. Comprehensive Money Management Services LLC now owns 38,166 shares of the company’s stock valued at $2,259,000 after purchasing an additional 225 shares in the last quarter.

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.