iShares Core U.S. REIT ETF (NYSEARCA:USRT) Shares Cross Above 200-Day Moving Average – Here’s Why

iShares Core U.S. REIT ETF (NYSEARCA:USRT) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $63.65 and traded as high as $63.95. iShares Core U.S. REIT ETF shares last traded at $63.85, with a volume of 333,426 shares.

iShares Core U.S. REIT ETF Trading Down 0.1%

The stock has a 50-day moving average price of $63.47 and a two-hundred day moving average price of $63.68. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 35.32 and a beta of 0.95.

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. Beam Wealth Advisors Inc. boosted its position in shares of iShares Core U.S. REIT ETF by 1.6% in the 1st quarter. Beam Wealth Advisors Inc. now owns 10,400 shares of the company’s stock worth $616,000 after buying an additional 160 shares in the last quarter. HB Wealth Management LLC lifted its holdings in iShares Core U.S. REIT ETF by 1.7% in the 2nd quarter. HB Wealth Management LLC now owns 9,985 shares of the company’s stock valued at $664,000 after purchasing an additional 171 shares in the last quarter. Insight Advisors LLC PA grew its holdings in shares of iShares Core U.S. REIT ETF by 1.7% during the first quarter. Insight Advisors LLC PA now owns 11,050 shares of the company’s stock worth $654,000 after buying an additional 184 shares in the last quarter. HORAN Wealth LLC grew its holdings in shares of iShares Core U.S. REIT ETF by 5.0% during the second quarter. HORAN Wealth LLC now owns 4,094 shares of the company’s stock worth $272,000 after buying an additional 195 shares in the last quarter. Finally, Waverly Advisors LLC raised its position in shares of iShares Core U.S. REIT ETF by 0.3% in the second quarter. Waverly Advisors LLC now owns 63,069 shares of the company’s stock valued at $4,191,000 after buying an additional 217 shares during 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.