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

iShares Core U.S. REIT ETF (NYSEARCA:USRT)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $63.00 and last traded at $62.99, with a volume of 8237 shares trading hands. The stock had previously closed at $62.32.

iShares Core U.S. REIT ETF Stock Up 1.2 %

The company’s fifty day moving average is $60.87 and its two-hundred day moving average is $57.57. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 26.47 and a beta of 0.97.

Hedge Funds Weigh In On iShares Core U.S. REIT ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in shares of iShares Core U.S. REIT ETF in the 2nd quarter valued at $26,000. Atwood & Palmer Inc. purchased a new stake in shares of iShares Core U.S. REIT ETF in the 2nd quarter worth about $27,000. Focused Wealth Management Inc purchased a new position in iShares Core U.S. REIT ETF in the 3rd quarter valued at about $30,000. Ridgewood Investments LLC acquired a new position in shares of iShares Core U.S. REIT ETF during the 2nd quarter valued at about $33,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of iShares Core U.S. REIT ETF during the 3rd quarter valued at about $50,000.

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.