Cornerstone Management Inc. grew its holdings in iShares Core U.S. REIT ETF (NYSEARCA:USRT – Free Report) by 16.1% during the third quarter, HoldingsChannel.com reports. The fund owned 147,076 shares of the company’s stock after purchasing an additional 20,449 shares during the quarter. iShares Core U.S. REIT ETF makes up about 1.4% of Cornerstone Management Inc.’s portfolio, making the stock its 14th biggest holding. Cornerstone Management Inc.’s holdings in iShares Core U.S. REIT ETF were worth $8,636,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in iShares Core U.S. REIT ETF by 152.0% in the 2nd quarter. Cerity Partners LLC now owns 839,331 shares of the company’s stock valued at $47,473,000 after purchasing an additional 506,314 shares in the last quarter. Kestra Investment Management LLC boosted its position in shares of iShares Core U.S. REIT ETF by 751,963.3% in the first quarter. Kestra Investment Management LLC now owns 225,619 shares of the company’s stock worth $12,996,000 after buying an additional 225,589 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Core U.S. REIT ETF by 16.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,533,330 shares of the company’s stock valued at $88,320,000 after buying an additional 213,501 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of iShares Core U.S. REIT ETF by 138.9% during the 2nd quarter. Moody National Bank Trust Division now owns 181,580 shares of the company’s stock valued at $10,270,000 after buying an additional 105,578 shares during the period. Finally, AlphaStar Capital Management LLC purchased a new stake in shares of iShares Core U.S. REIT ETF during the 2nd quarter valued at about $5,058,000.
iShares Core U.S. REIT ETF Stock Down 0.3%
NYSEARCA USRT opened at $56.61 on Friday. iShares Core U.S. REIT ETF has a fifty-two week low of $48.47 and a fifty-two week high of $60.63. The business has a 50 day moving average price of $58.01 and a two-hundred day moving average price of $57.61. The stock has a market cap of $3.07 billion, a PE ratio of 35.32 and a beta of 1.02.
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.
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