iShares Core U.S. REIT ETF (NYSEARCA:USRT) Hits New 52-Week High at $62.87

iShares Core U.S. REIT ETF (NYSEARCA:USRT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $62.87 and last traded at $62.68, with a volume of 8559 shares changing hands. The stock had previously closed at $62.48.

iShares Core U.S. REIT ETF Price Performance

The business has a 50 day simple moving average of $58.04 and a 200 day simple moving average of $54.33. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 26.47 and a beta of 0.97.

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

Several hedge funds have recently bought and sold shares of USRT. US Bancorp DE lifted its position in shares of iShares Core U.S. REIT ETF by 31.6% during the fourth quarter. US Bancorp DE now owns 2,368,681 shares of the company’s stock worth $128,596,000 after purchasing an additional 568,833 shares in the last quarter. Trust Co of Tennessee acquired a new stake in iShares Core U.S. REIT ETF during the 2nd quarter worth approximately $61,055,000. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Core U.S. REIT ETF by 5.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,235 shares of the company’s stock worth $58,554,000 after buying an additional 58,262 shares in the last quarter. Heritage Financial Services LLC boosted its position in iShares Core U.S. REIT ETF by 7.6% in the 2nd quarter. Heritage Financial Services LLC now owns 715,170 shares of the company’s stock valued at $38,305,000 after buying an additional 50,814 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of iShares Core U.S. REIT ETF by 32.1% in the second quarter. Thrivent Financial for Lutherans now owns 650,759 shares of the company’s stock worth $34,855,000 after acquiring an additional 158,072 shares in 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.