Shum Financial Group Inc. Makes New $1.31 Million Investment in iShares Core U.S. REIT ETF $USRT

Shum Financial Group Inc. purchased a new position in iShares Core U.S. REIT ETF (NYSEARCA:USRT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,283 shares of the company’s stock, valued at approximately $1,308,000. iShares Core U.S. REIT ETF makes up 1.0% of Shum Financial Group Inc.’s investment portfolio, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Investments Inc. lifted its holdings in iShares Core U.S. REIT ETF by 150.8% in the second quarter. Harbour Investments Inc. now owns 820 shares of the company’s stock worth $46,000 after purchasing an additional 493 shares during the period. Smartleaf Asset Management LLC raised its position in shares of iShares Core U.S. REIT ETF by 1,075.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,916 shares of the company’s stock worth $108,000 after buying an additional 1,753 shares in the last quarter. Bangor Savings Bank raised its position in shares of iShares Core U.S. REIT ETF by 50.0% during the 2nd quarter. Bangor Savings Bank now owns 2,220 shares of the company’s stock worth $126,000 after buying an additional 740 shares in the last quarter. AlphaCore Capital LLC lifted its stake in shares of iShares Core U.S. REIT ETF by 6,715.0% in the 2nd quarter. AlphaCore Capital LLC now owns 2,726 shares of the company’s stock worth $154,000 after acquiring an additional 2,686 shares during the period. Finally, Horan Securities Inc. boosted its holdings in shares of iShares Core U.S. REIT ETF by 8.4% in the second quarter. Horan Securities Inc. now owns 3,886 shares of the company’s stock valued at $220,000 after acquiring an additional 301 shares in the last quarter.

iShares Core U.S. REIT ETF Price Performance

NYSEARCA USRT opened at $57.40 on Wednesday. iShares Core U.S. REIT ETF has a 12 month low of $48.47 and a 12 month high of $60.63. The firm has a market capitalization of $3.11 billion, a PE ratio of 35.32 and a beta of 1.02. The company’s 50 day simple moving average is $57.84 and its 200 day simple moving average is $57.60.

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.