iShares Core U.S. REIT ETF (NYSEARCA:USRT) Sees Large Volume Increase

iShares Core U.S. REIT ETF (NYSEARCA:USRT) shares saw unusually-strong trading volume on Tuesday . Approximately 365,368 shares traded hands during trading, an increase of 57% from the previous session’s volume of 232,229 shares.The stock last traded at $61.17 and had previously closed at $61.57.

iShares Core U.S. REIT ETF Stock Down 0.8 %

The business’s 50 day moving average is $59.43 and its 200-day moving average is $54.97. The firm has a market capitalization of $2.66 billion, a P/E ratio of 26.47 and a beta of 0.97.

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

A number of institutional investors have recently modified their holdings of USRT. Trust Co of Tennessee bought a new position in iShares Core U.S. REIT ETF in the second quarter valued at about $61,055,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 valued at $58,554,000 after purchasing an additional 58,262 shares during the last quarter. Heritage Financial Services LLC increased its position in iShares Core U.S. REIT ETF by 7.6% during the 2nd quarter. Heritage Financial Services LLC now owns 715,170 shares of the company’s stock worth $38,305,000 after purchasing an additional 50,814 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in iShares Core U.S. REIT ETF by 32.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 650,759 shares of the company’s stock valued at $34,855,000 after purchasing an additional 158,072 shares during the last quarter. Finally, Choreo LLC boosted its position in iShares Core U.S. REIT ETF by 1.3% in the second quarter. Choreo LLC now owns 569,293 shares of the company’s stock valued at $30,213,000 after buying an additional 7,150 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.