iShares Core U.S. REIT ETF $USRT Position Reduced by Modern Wealth Management LLC

Modern Wealth Management LLC reduced its stake in shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 18.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,174 shares of the company’s stock after selling 12,694 shares during the period. Modern Wealth Management LLC owned about 0.09% of iShares Core U.S. REIT ETF worth $3,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Morgan Stanley lifted its position in shares of iShares Core U.S. REIT ETF by 110.7% during the fourth quarter. Morgan Stanley now owns 2,164,347 shares of the company’s stock worth $123,281,000 after purchasing an additional 1,136,903 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Core U.S. REIT ETF by 5.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,841,087 shares of the company’s stock valued at $104,868,000 after buying an additional 92,589 shares during the last quarter. Trust Co of Tennessee raised its stake in iShares Core U.S. REIT ETF by 2.1% during the fourth quarter. Trust Co of Tennessee now owns 1,107,489 shares of the company’s stock valued at $63,082,000 after buying an additional 23,120 shares in the last quarter. Heritage Financial Services LLC raised its stake in iShares Core U.S. REIT ETF by 11.5% during the fourth quarter. Heritage Financial Services LLC now owns 867,698 shares of the company’s stock valued at $49,424,000 after buying an additional 89,348 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in iShares Core U.S. REIT ETF by 213,523.6% during the first 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 in the last quarter.

iShares Core U.S. REIT ETF Stock Up 2.2%

NYSEARCA:USRT opened at $69.82 on Friday. The business’s 50 day moving average is $66.31 and its two-hundred day moving average is $62.97. iShares Core U.S. REIT ETF has a 52 week low of $55.34 and a 52 week high of $69.96. The company has a market cap of $4.75 billion, a PE ratio of 35.32 and a beta of 0.96.

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.