iShares Core U.S. REIT ETF (NYSEARCA:USRT) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) saw strong trading volume on Wednesday. Approximately 1,423,745 shares were traded during mid-day trading, an increase of 177% from the previous session’s volume of 514,646 shares. The stock last traded at $61.8730 and had previously closed at $62.19.

iShares Core U.S. REIT ETF Stock Down 0.5%

The firm has a market capitalization of $4.30 billion, a P/E ratio of 35.32 and a beta of 0.95. The business has a 50-day moving average price of $65.98 and a 200-day moving average price of $64.81.

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

Several hedge funds and other institutional investors have recently modified their holdings of USRT. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in iShares Core U.S. REIT ETF during the 4th quarter valued at about $38,000. Huntington National Bank lifted its holdings in iShares Core U.S. REIT ETF by 71,200.0% during the 4th quarter. Huntington National Bank now owns 713 shares of the company’s stock worth $41,000 after buying an additional 712 shares in the last quarter. SHP Wealth Management bought a new position in iShares Core U.S. REIT ETF in the 4th quarter valued at $46,000. Western Wealth Management LLC acquired a new stake in shares of iShares Core U.S. REIT ETF in the 1st quarter valued at $65,000. Finally, First Horizon Corp acquired a new stake in shares of iShares Core U.S. REIT ETF in the 1st quarter valued at $65,000.

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.