iShares Core U.S. REIT ETF (NYSEARCA:USRT) Reaches New 12-Month High – Should You Buy?

iShares Core U.S. REIT ETF (NYSEARCA:USRT) reached a new 52-week high during trading on Thursday . The company traded as high as $66.16 and last traded at $65.69, with a volume of 268281 shares traded. The stock had previously closed at $65.89.

iShares Core U.S. REIT ETF Price Performance

The company has a market cap of $3.84 billion, a price-to-earnings ratio of 35.32 and a beta of 0.99. The stock has a 50-day moving average price of $62.67 and a 200 day moving average price of $60.39.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Beam Wealth Advisors Inc. raised its position in iShares Core U.S. REIT ETF by 1.6% in the 1st quarter. Beam Wealth Advisors Inc. now owns 10,400 shares of the company’s stock valued at $616,000 after buying an additional 160 shares during the last quarter. Ellis Investment Partners LLC raised its position in iShares Core U.S. REIT ETF by 1.3% in the 4th quarter. Ellis Investment Partners LLC now owns 14,721 shares of the company’s stock valued at $839,000 after buying an additional 182 shares during the last quarter. Insight Advisors LLC PA raised its position in iShares Core U.S. REIT ETF by 1.7% in the 1st quarter. Insight Advisors LLC PA now owns 11,050 shares of the company’s stock valued at $654,000 after buying an additional 184 shares during the last quarter. Founders Financial Alliance LLC raised its position in iShares Core U.S. REIT ETF by 33.3% in the 3rd quarter. Founders Financial Alliance LLC now owns 740 shares of the company’s stock valued at $43,000 after buying an additional 185 shares during the last quarter. Finally, Comprehensive Money Management Services LLC raised its position in iShares Core U.S. REIT ETF by 0.6% in the 1st quarter. Comprehensive Money Management Services LLC now owns 38,166 shares of the company’s stock valued at $2,259,000 after buying an additional 225 shares during 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.