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

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 $64.78 and last traded at $64.37, with a volume of 50807 shares changing hands. The stock had previously closed at $64.59.

iShares Core U.S. REIT ETF Price Performance

The business’s fifty day moving average price is $61.78 and its 200-day moving average price is $59.57. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 35.32 and a beta of 1.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Biltmore Wealth Management LLC raised its position in iShares Core U.S. REIT ETF by 5.3% in the third quarter. Biltmore Wealth Management LLC now owns 209,326 shares of the company’s stock worth $12,292,000 after acquiring an additional 10,537 shares during the period. Earned Wealth Advisors LLC raised its position in iShares Core U.S. REIT ETF by 20.0% in the third quarter. Earned Wealth Advisors LLC now owns 82,189 shares of the company’s stock worth $4,826,000 after acquiring an additional 13,682 shares during the period. Cerity Partners LLC raised its position in iShares Core U.S. REIT ETF by 3.7% in the third quarter. Cerity Partners LLC now owns 870,659 shares of the company’s stock worth $51,125,000 after acquiring an additional 31,328 shares during the period. HighTower Advisors LLC raised its position in shares of iShares Core U.S. REIT ETF by 21.9% in the third quarter. HighTower Advisors LLC now owns 523,132 shares of the company’s stock valued at $30,719,000 after purchasing an additional 93,867 shares during the period. Finally, Blueprint Financial Advisors LLC raised its position in shares of iShares Core U.S. REIT ETF by 18.2% in the third quarter. Blueprint Financial Advisors LLC now owns 84,094 shares of the company’s stock valued at $4,938,000 after purchasing an additional 12,927 shares during the period.

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.