SMI Advisory Services LLC Makes New Investment in iShares Core U.S. REIT ETF $USRT

SMI Advisory Services LLC acquired a new position in shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 377,626 shares of the company’s stock, valued at approximately $25,297,000. iShares Core U.S. REIT ETF comprises about 4.1% of SMI Advisory Services LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Morgan Stanley boosted its stake in iShares Core U.S. REIT ETF by 110.7% in the 4th quarter. Morgan Stanley now owns 2,164,347 shares of the company’s stock worth $123,281,000 after buying an additional 1,136,903 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in iShares Core U.S. REIT ETF by 12.6% in the 1st quarter. Glenmede Trust Co. NA now owns 1,965,268 shares of the company’s stock valued at $116,324,000 after buying an additional 219,237 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Core U.S. REIT ETF by 5.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,841,087 shares of the company’s stock valued at $104,868,000 after acquiring an additional 92,589 shares during the last quarter. Trust Co of Tennessee increased its stake in shares of iShares Core U.S. REIT ETF by 2.1% during the 4th quarter. Trust Co of Tennessee now owns 1,107,489 shares of the company’s stock valued at $63,082,000 after acquiring an additional 23,120 shares during the last quarter. Finally, Heritage Financial Services LLC increased its stake in shares of iShares Core U.S. REIT ETF by 11.5% during the 4th quarter. Heritage Financial Services LLC now owns 867,698 shares of the company’s stock valued at $49,424,000 after acquiring an additional 89,348 shares during the last quarter.

iShares Core U.S. REIT ETF Price Performance

Shares of USRT stock opened at $66.45 on Tuesday. The firm’s 50-day simple moving average is $66.97 and its 200-day simple moving average is $63.76. iShares Core U.S. REIT ETF has a 1-year low of $55.44 and a 1-year high of $70.09. The firm has a market cap of $4.56 billion, a P/E 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.