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

iShares Core U.S. REIT ETF (NYSEARCA:USRT) hit a new 52-week high on Monday . The stock traded as high as $63.03 and last traded at $62.81, with a volume of 21838 shares traded. The stock had previously closed at $62.48.

iShares Core U.S. REIT ETF Price Performance

The firm has a 50 day moving average of $58.94 and a two-hundred day moving average of $58.32. The stock has a market cap of $3.57 billion, a PE ratio of 35.32 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cornerstone Management Inc. raised its stake in shares of iShares Core U.S. REIT ETF by 16.1% during the 3rd quarter. Cornerstone Management Inc. now owns 147,076 shares of the company’s stock worth $8,636,000 after buying an additional 20,449 shares in the last quarter. Biltmore Wealth Management LLC grew its holdings in iShares Core U.S. REIT ETF by 5.3% during the third quarter. Biltmore Wealth Management LLC now owns 209,326 shares of the company’s stock worth $12,292,000 after acquiring an additional 10,537 shares during the period. Earned Wealth Advisors LLC raised its position in iShares Core U.S. REIT ETF by 20.0% in the third quarter. Earned Wealth Advisors LLC now owns 82,189 shares of the company’s stock worth $4,826,000 after acquiring an additional 13,682 shares in the last quarter. Envestnet Asset Management Inc. raised its position in iShares Core U.S. REIT ETF by 15.5% in the second quarter. Envestnet Asset Management Inc. now owns 459,255 shares of the company’s stock worth $25,975,000 after acquiring an additional 61,716 shares in the last quarter. Finally, 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 acquiring an additional 31,328 shares during the period.

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.