iShares Core U.S. REIT ETF (NYSEARCA:USRT) Reaches New 52-Week High – What’s Next?

Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) hit a new 52-week high on Friday . The stock traded as high as $69.78 and last traded at $69.78, with a volume of 67959 shares trading hands. The stock had previously closed at $68.33.

iShares Core U.S. REIT ETF Price Performance

The stock has a market cap of $4.75 billion, a PE ratio of 35.32 and a beta of 0.96. The business has a 50 day moving average price of $66.31 and a two-hundred day moving average price of $62.97.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WealthShield Partners LLC bought a new stake in iShares Core U.S. REIT ETF in the 4th quarter worth $29,000. Signaturefd LLC increased 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 during the fourth quarter valued at about $38,000. Brown Brothers Harriman & Co. bought a new position in shares of iShares Core U.S. REIT ETF during the fourth quarter valued at about $40,000. Finally, Huntington National Bank boosted its holdings in shares of iShares Core U.S. REIT ETF by 71,200.0% during the fourth quarter. Huntington National Bank now owns 713 shares of the company’s stock worth $41,000 after purchasing an additional 712 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.