iShares Core U.S. REIT ETF (NYSEARCA:USRT) Reaches New 1-Year High – Time to Buy?

iShares Core U.S. REIT ETF (NYSEARCA:USRT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.94 and last traded at $62.46, with a volume of 18376 shares trading hands. The stock had previously closed at $62.29.

iShares Core U.S. REIT ETF Stock Performance

The company has a market capitalization of $3.56 billion, a PE ratio of 35.32 and a beta of 1.02. The business has a fifty day moving average price of $58.33 and a 200 day moving average price of $58.06.

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

Several hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in iShares Core U.S. REIT ETF in the 3rd quarter worth $29,000. WealthShield Partners LLC bought a new position in iShares Core U.S. REIT ETF in the fourth quarter worth about $29,000. CX Institutional lifted its stake in iShares Core U.S. REIT ETF by 81.0% in the third quarter. CX Institutional now owns 608 shares of the company’s stock valued at $36,000 after buying an additional 272 shares during the last quarter. Signaturefd LLC lifted its position in iShares Core U.S. REIT ETF by 143.7% in the 4th quarter. Signaturefd LLC now owns 641 shares of the company’s stock valued at $37,000 after purchasing an additional 378 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $40,000.

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.