iShares Core U.S. REIT ETF (NYSEARCA:USRT) Hits New 12-Month High – Here’s What Happened

iShares Core U.S. REIT ETF (NYSEARCA:USRT)’s share price hit a new 52-week high on Tuesday . The company traded as high as $67.78 and last traded at $67.73, with a volume of 55310 shares traded. The stock had previously closed at $66.99.

iShares Core U.S. REIT ETF Trading Down 1.6%

The company’s 50-day moving average is $65.48 and its 200-day moving average is $62.08. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 35.32 and a beta of 0.96.

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

A number of large investors have recently modified their holdings of the business. Brighton Jones LLC bought a new stake in shares of iShares Core U.S. REIT ETF during the 4th quarter worth $660,000. Royal Bank of Canada raised its stake in iShares Core U.S. REIT ETF by 12.9% during the first quarter. Royal Bank of Canada now owns 97,765 shares of the company’s stock worth $5,632,000 after acquiring an additional 11,175 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of iShares Core U.S. REIT ETF in the first quarter worth about $220,000. Quantinno Capital Management LP lifted its holdings in shares of iShares Core U.S. REIT ETF by 3.4% in the second quarter. Quantinno Capital Management LP now owns 7,638 shares of the company’s stock worth $432,000 after acquiring an additional 250 shares during the last quarter. Finally, Betterment LLC boosted its stake in shares of iShares Core U.S. REIT ETF by 5.1% in the 2nd quarter. Betterment LLC now owns 10,505 shares of the company’s stock valued at $594,000 after purchasing an additional 506 shares in the last quarter.

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.