iShares Core U.S. REIT ETF (NYSEARCA:USRT) Hits New 12-Month High – Should You Buy?

Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $65.41 and last traded at $65.24, with a volume of 582765 shares. The stock had previously closed at $64.37.

iShares Core U.S. REIT ETF Stock Up 1.4%

The stock’s 50-day moving average price is $61.87 and its 200-day moving average price is $59.69. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 35.32 and a beta of 0.99.

Hedge Funds Weigh In On iShares Core U.S. REIT ETF

Large investors have recently modified their holdings of the stock. Cerity Partners LLC lifted its holdings in iShares Core U.S. REIT ETF by 3.7% in the third quarter. Cerity Partners LLC now owns 870,659 shares of the company’s stock valued at $51,125,000 after buying an additional 31,328 shares during the period. Blueprint Financial Advisors LLC lifted its holdings in iShares Core U.S. REIT ETF by 18.2% in the third quarter. Blueprint Financial Advisors LLC now owns 84,094 shares of the company’s stock valued at $4,938,000 after buying an additional 12,927 shares during the period. HighTower Advisors LLC lifted its holdings in iShares Core U.S. REIT ETF by 21.9% in the third quarter. HighTower Advisors LLC now owns 523,132 shares of the company’s stock valued at $30,719,000 after buying an additional 93,867 shares during the period. Disciplina Capital Management LLC raised its holdings in iShares Core U.S. REIT ETF by 3.0% in the third quarter. Disciplina Capital Management LLC now owns 686,085 shares of the company’s stock worth $40,287,000 after purchasing an additional 20,167 shares during the period. Finally, Naviter Wealth LLC raised its holdings in iShares Core U.S. REIT ETF by 55.7% in the fourth quarter. Naviter Wealth LLC now owns 62,871 shares of the company’s stock worth $3,581,000 after purchasing an additional 22,498 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.