Raymond James Financial Inc. Acquires New Position in iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Raymond James Financial Inc. purchased a new position in iShares Core U.S. REIT ETF (NYSEARCA:USRT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 172,918 shares of the company’s stock, valued at approximately $9,910,000. Raymond James Financial Inc. owned 0.40% of iShares Core U.S. REIT ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of USRT. Pathstone Holdings LLC grew its stake in shares of iShares Core U.S. REIT ETF by 88.4% during the 3rd quarter. Pathstone Holdings LLC now owns 25,074 shares of the company’s stock worth $1,544,000 after purchasing an additional 11,762 shares during the period. Avior Wealth Management LLC grew its stake in shares of iShares Core U.S. REIT ETF by 57.0% during the 3rd quarter. Avior Wealth Management LLC now owns 1,564 shares of the company’s stock worth $96,000 after purchasing an additional 568 shares during the period. Nwam LLC acquired a new stake in iShares Core U.S. REIT ETF in the 3rd quarter valued at $961,000. Cerity Partners LLC grew its stake in iShares Core U.S. REIT ETF by 28.9% in the 3rd quarter. Cerity Partners LLC now owns 255,874 shares of the company’s stock valued at $15,754,000 after acquiring an additional 57,391 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in iShares Core U.S. REIT ETF by 56.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,569 shares of the company’s stock valued at $281,000 after acquiring an additional 1,641 shares during the period.

iShares Core U.S. REIT ETF Stock Performance

iShares Core U.S. REIT ETF stock opened at $56.59 on Friday. The company’s fifty day moving average price is $58.17 and its 200 day moving average price is $59.46. iShares Core U.S. REIT ETF has a 1 year low of $49.12 and a 1 year high of $63.22. The stock has a market capitalization of $2.78 billion, a P/E ratio of 32.68 and a beta of 1.10.

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.