175,907 Shares in iShares Core U.S. REIT ETF (NYSEARCA:USRT) Purchased by Cannon Financial Strategists Inc.

Cannon Financial Strategists Inc. bought a new position in iShares Core U.S. REIT ETF (NYSEARCA:USRT) during the second quarter, Holdings Channel reports. The firm bought 175,907 shares of the company’s stock, valued at approximately $9,422,000. iShares Core U.S. REIT ETF comprises about 1.8% of Cannon Financial Strategists Inc.’s portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Co of Tennessee purchased a new stake in iShares Core U.S. REIT ETF in the 2nd quarter valued at about $61,055,000. Prime Capital Investment Advisors LLC increased its stake in iShares Core U.S. REIT ETF by 8,376.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 388,390 shares of the company’s stock valued at $20,802,000 after buying an additional 383,808 shares during the last quarter. Legacy Financial Group LLC increased its stake in iShares Core U.S. REIT ETF by 2,019.9% in the 1st quarter. Legacy Financial Group LLC now owns 253,774 shares of the company’s stock valued at $13,653,000 after buying an additional 241,803 shares during the last quarter. Schroder Investment Management Group increased its stake in iShares Core U.S. REIT ETF by 217.6% in the 4th quarter. Schroder Investment Management Group now owns 270,000 shares of the company’s stock valued at $14,658,000 after buying an additional 185,000 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in iShares Core U.S. REIT ETF by 32.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 650,759 shares of the company’s stock valued at $34,855,000 after buying an additional 158,072 shares during the last quarter.

iShares Core U.S. REIT ETF Stock Performance

NYSEARCA:USRT opened at $61.17 on Wednesday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 26.47 and a beta of 0.97. iShares Core U.S. REIT ETF has a 52 week low of $43.76 and a 52 week high of $62.94. The firm has a 50-day moving average price of $59.43 and a two-hundred day moving average price of $54.97.

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.