Sumitomo Life Insurance Co. Purchases 234,300 Shares of iShares Core U.S. REIT ETF $USRT

Sumitomo Life Insurance Co. grew its position in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 488.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,300 shares of the company’s stock after purchasing an additional 234,300 shares during the quarter. iShares Core U.S. REIT ETF comprises approximately 0.5% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 27th biggest position. Sumitomo Life Insurance Co. owned about 0.52% of iShares Core U.S. REIT ETF worth $16,577,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in iShares Core U.S. REIT ETF in the 3rd quarter valued at $29,000. CX Institutional boosted its position in shares of 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 acquiring an additional 272 shares during the period. Founders Financial Alliance LLC grew its stake in shares of iShares Core U.S. REIT ETF by 33.3% in the third quarter. Founders Financial Alliance LLC now owns 740 shares of the company’s stock valued at $43,000 after acquiring an additional 185 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in iShares Core U.S. REIT ETF during the third quarter worth about $97,000. Finally, Smartleaf Asset Management LLC increased its position in iShares Core U.S. REIT ETF by 1,075.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,916 shares of the company’s stock worth $108,000 after acquiring an additional 1,753 shares during the period.

iShares Core U.S. REIT ETF Stock Up 0.1%

NYSEARCA USRT opened at $62.81 on Thursday. The company has a market capitalization of $3.57 billion, a P/E ratio of 35.32 and a beta of 1.02. iShares Core U.S. REIT ETF has a 12-month low of $48.47 and a 12-month high of $63.03. The firm has a 50-day moving average price of $59.05 and a two-hundred day moving average price of $58.35.

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.