iShares Core U.S. REIT ETF $USRT Stock: Rakuten Investment Management Inc. Boosts Position

Rakuten Investment Management Inc. grew its stake in shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 11.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 935,681 shares of the company’s stock after acquiring an additional 93,900 shares during the quarter. Rakuten Investment Management Inc. owned about 1.39% of iShares Core U.S. REIT ETF worth $58,190,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its stake in shares of iShares Core U.S. REIT ETF by 12.6% in the first 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 last quarter. Trust Co of Tennessee grew its holdings in iShares Core U.S. REIT ETF by 0.6% during the third quarter. Trust Co of Tennessee now owns 1,202,727 shares of the company’s stock valued at $74,064,000 after purchasing an additional 7,666 shares during the period. Apollon Wealth Management LLC bought a new position in shares of iShares Core U.S. REIT ETF during the 3rd quarter valued at approximately $62,470,000. Fifth Third Bancorp increased its stake in shares of iShares Core U.S. REIT ETF by 213,523.6% in the first quarter. Fifth Third Bancorp now owns 777,590 shares of the company’s stock worth $46,026,000 after purchasing an additional 777,226 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new stake in iShares Core U.S. REIT ETF in the 3rd quarter worth $43,300,000.

iShares Core U.S. REIT ETF Trading Up 0.2%

Shares of USRT opened at $64.59 on Wednesday. The company has a market capitalization of $4.35 billion, a PE ratio of 35.32 and a beta of 0.94. iShares Core U.S. REIT ETF has a 12-month low of $56.44 and a 12-month high of $70.09. The business’s 50 day moving average is $63.36 and its 200 day moving average is $63.74.

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.