iShares Core U.S. REIT ETF (NYSEARCA:USRT) Hits New 1-Year High – Time to Buy?

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

iShares Core U.S. REIT ETF Stock Performance

The company has a market capitalization of $3.79 billion, a PE ratio of 35.32 and a beta of 0.99. The stock’s fifty day simple moving average is $62.84 and its 200-day simple moving average is $60.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in iShares Core U.S. REIT ETF in the 4th quarter valued at about $660,000. Royal Bank of Canada grew its holdings in iShares Core U.S. REIT ETF by 12.9% in the 1st quarter. Royal Bank of Canada now owns 97,765 shares of the company’s stock valued at $5,632,000 after buying an additional 11,175 shares during the period. AQR Capital Management LLC purchased a new stake in iShares Core U.S. REIT ETF in the 1st quarter valued at about $220,000. Quantinno Capital Management LP grew its holdings in iShares Core U.S. REIT ETF by 3.4% in the 2nd quarter. Quantinno Capital Management LP now owns 7,638 shares of the company’s stock valued at $432,000 after buying an additional 250 shares during the period. Finally, Betterment LLC grew its holdings in iShares Core U.S. REIT ETF by 5.1% in the 2nd quarter. Betterment LLC now owns 10,505 shares of the company’s stock valued at $594,000 after buying an additional 506 shares during the period.

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.