Sumitomo Mitsui Trust Group Inc. Invests $921,000 in iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Sumitomo Mitsui Trust Group Inc. acquired a new stake in iShares Core U.S. REIT ETF (NYSEARCA:USRT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 14,961 shares of the company’s stock, valued at approximately $921,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in USRT. US Bancorp DE boosted its position in iShares Core U.S. REIT ETF by 1.5% during the third quarter. US Bancorp DE now owns 2,687,948 shares of the company’s stock worth $165,497,000 after purchasing an additional 39,016 shares during the period. Trust Co of Tennessee bought a new position in iShares Core U.S. REIT ETF in the second quarter valued at approximately $61,055,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Core U.S. REIT ETF by 5.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,235 shares of the company’s stock worth $58,554,000 after buying an additional 58,262 shares during the last quarter. Heritage Financial Services LLC grew its holdings in shares of iShares Core U.S. REIT ETF by 2.6% during the 3rd quarter. Heritage Financial Services LLC now owns 734,016 shares of the company’s stock valued at $45,193,000 after purchasing an additional 18,846 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of iShares Core U.S. REIT ETF by 32.1% during the second quarter. Thrivent Financial for Lutherans now owns 650,759 shares of the company’s stock worth $34,855,000 after buying an additional 158,072 shares during the last quarter.

iShares Core U.S. REIT ETF Trading Up 0.8 %

NYSEARCA:USRT opened at $60.83 on Wednesday. iShares Core U.S. REIT ETF has a 1-year low of $48.04 and a 1-year high of $62.94. The stock’s 50-day moving average is $60.94 and its 200-day moving average is $57.23. The stock has a market cap of $2.65 billion, a P/E ratio of 26.47 and a beta of 0.97.

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.