Ellis Investment Partners LLC Buys 17,050 Shares of iShares Core U.S. REIT ETF $USRT

Ellis Investment Partners LLC bought a new stake in iShares Core U.S. REIT ETF (NYSEARCA:USRT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,050 shares of the company’s stock, valued at approximately $1,050,000.

A number of other hedge funds have also recently made changes to their positions in USRT. Glenmede Trust Co. NA lifted its stake in iShares Core U.S. REIT ETF by 12.6% during the 1st quarter. Glenmede Trust Co. NA now owns 1,965,268 shares of the company’s stock worth $116,324,000 after acquiring an additional 219,237 shares in the last quarter. Trust Co of Tennessee lifted its holdings in iShares Core U.S. REIT ETF by 0.6% during the 3rd quarter. Trust Co of Tennessee now owns 1,202,727 shares of the company’s stock worth $74,064,000 after buying an additional 7,666 shares in the last quarter. Fifth Third Bancorp boosted its position in iShares Core U.S. REIT ETF by 213,523.6% in the 1st quarter. Fifth Third Bancorp now owns 777,590 shares of the company’s stock valued at $46,026,000 after buying an additional 777,226 shares during the period. Prime Capital Investment Advisors LLC purchased a new position in iShares Core U.S. REIT ETF in the 3rd quarter valued at approximately $43,300,000. Finally, Apollon Wealth Management LLC grew its stake in iShares Core U.S. REIT ETF by 7.1% during the 1st quarter. Apollon Wealth Management LLC now owns 576,209 shares of the company’s stock worth $34,106,000 after purchasing an additional 38,281 shares in the last quarter.

iShares Core U.S. REIT ETF Price Performance

Shares of USRT stock traded down $0.15 during trading hours on Wednesday, reaching $62.56. 595,285 shares of the stock were exchanged, compared to its average volume of 592,938. iShares Core U.S. REIT ETF has a 12-month low of $56.44 and a 12-month high of $70.09. The business’s fifty day moving average is $64.06 and its two-hundred day moving average is $65.02. The firm has a market capitalization of $4.24 billion, a P/E ratio of 35.32 and a beta of 0.95.

iShares Core U.S. REIT ETF 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.