Envestnet Asset Management Inc. Sells 26,004 Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Envestnet Asset Management Inc. lessened its stake in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 9.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,943 shares of the company’s stock after selling 26,004 shares during the quarter. Envestnet Asset Management Inc. owned about 0.59% of iShares Core U.S. REIT ETF worth $13,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fonville Wealth Management LLC raised its position in shares of iShares Core U.S. REIT ETF by 6.5% during the first quarter. Fonville Wealth Management LLC now owns 4,711 shares of the company’s stock worth $253,000 after acquiring an additional 287 shares during the last quarter. Range Financial Group LLC lifted its position in iShares Core U.S. REIT ETF by 2.1% during the 2nd quarter. Range Financial Group LLC now owns 14,836 shares of the company’s stock valued at $795,000 after purchasing an additional 309 shares during the period. Janney Montgomery Scott LLC lifted its position in iShares Core U.S. REIT ETF by 5.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,869 shares of the company’s stock valued at $370,000 after purchasing an additional 350 shares during the period. Insight Advisors LLC PA boosted its stake in shares of iShares Core U.S. REIT ETF by 3.2% in the 2nd quarter. Insight Advisors LLC PA now owns 11,519 shares of the company’s stock valued at $617,000 after purchasing an additional 361 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its position in shares of iShares Core U.S. REIT ETF by 77.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 892 shares of the company’s stock worth $48,000 after buying an additional 388 shares during the period.

iShares Core U.S. REIT ETF Price Performance

Shares of NYSEARCA USRT opened at $62.57 on Wednesday. iShares Core U.S. REIT ETF has a fifty-two week low of $43.76 and a fifty-two week high of $62.94. The firm has a market capitalization of $2.73 billion, a P/E ratio of 26.47 and a beta of 0.97. The company’s 50 day simple moving average is $59.06 and its 200 day simple moving average is $54.75.

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.