iShares Core U.S. REIT ETF (NYSEARCA:USRT) Sees Large Volume Increase – Time to Buy?

iShares Core U.S. REIT ETF (NYSEARCA:USRT) shares saw strong trading volume on Wednesday . 961,278 shares were traded during mid-day trading, an increase of 98% from the previous session’s volume of 485,127 shares.The stock last traded at $66.91 and had previously closed at $66.45.

iShares Core U.S. REIT ETF Trading Up 1.3%

The business has a fifty day moving average price of $65.19 and a two-hundred day moving average price of $61.80. The firm has a market capitalization of $4.42 billion, a PE ratio of 35.32 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its stake in shares of 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 valued at $123,281,000 after acquiring an additional 1,136,903 shares during the period. Glenmede Trust Co. NA boosted its position in shares of iShares Core U.S. REIT ETF by 12.6% during the 1st quarter. Glenmede Trust Co. NA now owns 1,965,268 shares of the company’s stock worth $116,324,000 after purchasing an additional 219,237 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $104,868,000 after purchasing an additional 92,589 shares during the period. Glenmede Investment Management LP increased its holdings in iShares Core U.S. REIT ETF by 4.8% in the 3rd quarter. Glenmede Investment Management LP now owns 1,673,789 shares of the company’s stock valued at $98,285,000 after purchasing an additional 76,496 shares during the last quarter. Finally, Trust Co of Tennessee increased its holdings in iShares Core U.S. REIT ETF by 2.1% in the 4th quarter. Trust Co of Tennessee now owns 1,107,489 shares of the company’s stock valued at $63,082,000 after purchasing an additional 23,120 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.