Renaissance Technologies LLC Invests $997,000 in iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Renaissance Technologies LLC acquired a new stake in iShares Core U.S. REIT ETF (NYSEARCA:USRT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,400 shares of the company’s stock, valued at approximately $997,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in iShares Core U.S. REIT ETF during the fourth quarter worth about $25,000. Tidemark LLC acquired a new position in iShares Core U.S. REIT ETF during the fourth quarter worth about $28,000. IFP Advisors Inc acquired a new position in iShares Core U.S. REIT ETF during the fourth quarter worth about $29,000. Beacon Capital Management LLC acquired a new position in iShares Core U.S. REIT ETF during the fourth quarter worth about $32,000. Finally, Synergy Investment Management LLC acquired a new position in iShares Core U.S. REIT ETF during the fourth quarter worth about $42,000.

iShares Core U.S. REIT ETF Trading Up 0.6 %

Shares of USRT opened at $55.94 on Thursday. The stock has a market cap of $2.83 billion, a P/E ratio of 31.06 and a beta of 1.00. The company has a 50-day moving average of $56.29 and a two-hundred day moving average of $58.18. iShares Core U.S. REIT ETF has a 12-month low of $48.47 and a 12-month high of $63.22.

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.