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

iShares Core U.S. REIT ETF (NYSEARCA:USRT) saw unusually-high trading volume on Thursday . Approximately 948,818 shares were traded during mid-day trading, an increase of 108% from the previous session’s volume of 456,173 shares.The stock last traded at $66.61 and had previously closed at $66.14.

iShares Core U.S. REIT ETF Trading Up 0.9%

The firm has a market capitalization of $3.91 billion, a PE ratio of 35.32 and a beta of 0.97. The business has a 50-day moving average of $64.08 and a 200 day moving average of $60.98.

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

A number of institutional investors and hedge funds have recently bought and sold shares of USRT. Brighton Jones LLC purchased a new stake in iShares Core U.S. REIT ETF in the 4th quarter valued at $660,000. Royal Bank of Canada grew its stake in iShares Core U.S. REIT ETF by 12.9% in the 1st quarter. Royal Bank of Canada now owns 97,765 shares of the company’s stock valued at $5,632,000 after purchasing an additional 11,175 shares during the period. AQR Capital Management LLC bought a new position in iShares Core U.S. REIT ETF in the 1st quarter valued at $220,000. Quantinno Capital Management LP grew its stake in iShares Core U.S. REIT ETF by 3.4% in the 2nd quarter. Quantinno Capital Management LP now owns 7,638 shares of the company’s stock valued at $432,000 after purchasing an additional 250 shares during the period. Finally, Betterment LLC grew its stake in iShares Core U.S. REIT ETF by 5.1% in the 2nd quarter. Betterment LLC now owns 10,505 shares of the company’s stock valued at $594,000 after purchasing an additional 506 shares during the period.

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.