Drive Wealth Management LLC Sells 402 Shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT)

Drive Wealth Management LLC reduced its stake in shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 3.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,325 shares of the company’s stock after selling 402 shares during the period. Drive Wealth Management LLC’s holdings in iShares Core U.S. REIT ETF were worth $553,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USRT. Opal Wealth Advisors LLC purchased a new position in shares of iShares Core U.S. REIT ETF in the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. purchased a new position in shares of iShares Core U.S. REIT ETF in the 2nd quarter worth approximately $27,000. Smithfield Trust Co purchased a new position in shares of iShares Core U.S. REIT ETF in the 4th quarter worth approximately $28,000. Heritage Wealth Advisors purchased a new position in shares of iShares Core U.S. REIT ETF in the 4th quarter worth approximately $31,000. Finally, Ridgewood Investments LLC purchased a new position in shares of iShares Core U.S. REIT ETF in the 2nd quarter worth approximately $33,000.

iShares Core U.S. REIT ETF Price Performance

Shares of NYSEARCA USRT traded up $0.72 during midday trading on Friday, reaching $60.53. The company’s stock had a trading volume of 241,611 shares, compared to its average volume of 226,662. iShares Core U.S. REIT ETF has a 12-month low of $43.76 and a 12-month high of $60.57. The firm has a 50 day moving average price of $56.47 and a 200-day moving average price of $53.72. The stock has a market capitalization of $2.64 billion, a P/E ratio of 26.47 and a beta of 0.97.

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.