Sumitomo Life Insurance Co. Acquires 66,600 Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Sumitomo Life Insurance Co. grew its stake in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 172.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,300 shares of the company’s stock after purchasing an additional 66,600 shares during the period. Sumitomo Life Insurance Co. owned approximately 0.24% of iShares Core U.S. REIT ETF worth $6,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of USRT. Kestra Investment Management LLC bought a new stake in iShares Core U.S. REIT ETF in the third quarter valued at $33,794,000. Cannon Financial Strategists Inc. bought a new stake in shares of iShares Core U.S. REIT ETF in the 2nd quarter worth about $9,422,000. School Employees Retirement Board of Ohio acquired a new stake in shares of iShares Core U.S. REIT ETF during the 3rd quarter worth about $6,944,000. Executive Wealth Management LLC acquired a new stake in shares of iShares Core U.S. REIT ETF during the 3rd quarter worth about $5,773,000. Finally, SMI Advisory Services LLC boosted its position in iShares Core U.S. REIT ETF by 227.0% in the third quarter. SMI Advisory Services LLC now owns 132,264 shares of the company’s stock valued at $7,970,000 after buying an additional 91,818 shares in the last quarter.

iShares Core U.S. REIT ETF Trading Down 1.2 %

Shares of iShares Core U.S. REIT ETF stock opened at $58.01 on Wednesday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 26.47 and a beta of 0.97. The firm’s 50-day moving average price is $58.64 and its two-hundred day moving average price is $59.32. iShares Core U.S. REIT ETF has a 1-year low of $49.12 and a 1-year high of $63.22.

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.