iShares Core U.S. REIT ETF (NYSEARCA:USRT) Sees Strong Trading Volume – Still a Buy?

iShares Core U.S. REIT ETF (NYSEARCA:USRT) shares saw unusually-high trading volume on Thursday . Approximately 346,864 shares changed hands during trading, an increase of 44% from the previous session’s volume of 241,625 shares.The stock last traded at $57.19 and had previously closed at $57.31.

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

The firm has a market capitalization of $2.49 billion, a PE ratio of 26.47 and a beta of 0.97. The firm’s fifty day moving average price is $59.93 and its 200 day moving average price is $58.79.

Institutional Investors Weigh In On iShares Core U.S. REIT ETF

Several institutional investors have recently made changes to their positions in the company. Focused Wealth Management Inc bought a new position in iShares Core U.S. REIT ETF during the third quarter valued at approximately $30,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of iShares Core U.S. REIT ETF during the 3rd quarter valued at $50,000. Fairscale Capital LLC bought a new position in shares of iShares Core U.S. REIT ETF during the 2nd quarter valued at $51,000. Private Trust Co. NA lifted its stake in shares of iShares Core U.S. REIT ETF by 496.0% in the 3rd quarter. Private Trust Co. NA now owns 1,049 shares of the company’s stock valued at $65,000 after purchasing an additional 873 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in iShares Core U.S. REIT ETF by 57.0% in the third quarter. Avior Wealth Management LLC now owns 1,564 shares of the company’s stock worth $96,000 after purchasing an additional 568 shares in the last quarter.

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.