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

iShares Core U.S. REIT ETF (NYSEARCA:USRT)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $63.00 and last traded at $62.99, with a volume of 8237 shares traded. The stock had previously closed at $62.32.

iShares Core U.S. REIT ETF Price Performance

The company has a market capitalization of $2.75 billion, a PE ratio of 26.47 and a beta of 0.97. The company’s fifty day moving average is $60.87 and its 200-day moving average is $57.57.

Institutional Trading of iShares Core U.S. REIT ETF

Several large investors have recently bought and sold shares of the business. Trust Co of Tennessee acquired a new position in shares of iShares Core U.S. REIT ETF in the 2nd quarter worth approximately $61,055,000. Kestra Investment Management LLC purchased a new stake in iShares Core U.S. REIT ETF during the third quarter worth about $33,794,000. Prime Capital Investment Advisors LLC raised its position in iShares Core U.S. REIT ETF by 8,376.4% during the second quarter. Prime Capital Investment Advisors LLC now owns 388,390 shares of the company’s stock worth $20,802,000 after acquiring an additional 383,808 shares during the last quarter. Cannon Financial Strategists Inc. acquired a new position in iShares Core U.S. REIT ETF during the second quarter worth about $9,422,000. Finally, Thrivent Financial for Lutherans raised its position 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 valued at $34,855,000 after buying an additional 158,072 shares during the last quarter.

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.