iShares Core U.S. REIT ETF (NYSEARCA:USRT) Hits New 1-Year High – Still a Buy?

Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $67.35 and last traded at $67.10, with a volume of 38409 shares trading hands. The stock had previously closed at $66.79.

iShares Core U.S. REIT ETF Stock Performance

The firm has a market cap of $3.93 billion, a P/E ratio of 35.32 and a beta of 0.97. The stock has a fifty day simple moving average of $64.86 and a 200 day simple moving average of $61.46.

Institutional Investors Weigh In On iShares Core U.S. REIT ETF

A number of large investors have recently added to or reduced their stakes in USRT. WealthShield Partners LLC bought a new stake in shares of iShares Core U.S. REIT ETF in the fourth quarter worth $29,000. Signaturefd LLC lifted its holdings in iShares Core U.S. REIT ETF by 143.7% in the fourth quarter. Signaturefd LLC now owns 641 shares of the company’s stock valued at $37,000 after acquiring an additional 378 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in iShares Core U.S. REIT ETF in the fourth quarter valued at about $38,000. Brown Brothers Harriman & Co. purchased a new position in iShares Core U.S. REIT ETF in the fourth quarter worth about $40,000. Finally, Huntington National Bank boosted its position in iShares Core U.S. REIT ETF by 71,200.0% in the fourth quarter. Huntington National Bank now owns 713 shares of the company’s stock worth $41,000 after purchasing an additional 712 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.