Modern Wealth Management LLC Reduces Stock Position in iShares Core U.S. REIT ETF $USRT

Modern Wealth Management LLC cut its position in shares of iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 12.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,501 shares of the company’s stock after selling 10,253 shares during the period. Modern Wealth Management LLC owned about 0.13% of iShares Core U.S. REIT ETF worth $4,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USRT. Root Financial Partners LLC purchased a new stake in shares of iShares Core U.S. REIT ETF during the 3rd quarter valued at $29,000. CX Institutional boosted its stake in shares of iShares Core U.S. REIT ETF by 81.0% during the 3rd quarter. CX Institutional now owns 608 shares of the company’s stock worth $36,000 after acquiring an additional 272 shares in the last quarter. Founders Financial Alliance LLC raised its stake in shares of iShares Core U.S. REIT ETF by 33.3% during the 3rd quarter. Founders Financial Alliance LLC now owns 740 shares of the company’s stock worth $43,000 after buying an additional 185 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in iShares Core U.S. REIT ETF during the third quarter worth $97,000. Finally, Smartleaf Asset Management LLC boosted its holdings in iShares Core U.S. REIT ETF by 1,075.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,916 shares of the company’s stock valued at $108,000 after purchasing an additional 1,753 shares during the last quarter.

iShares Core U.S. REIT ETF Trading Down 1.2%

NYSEARCA USRT opened at $61.81 on Friday. The stock has a market cap of $3.52 billion, a PE ratio of 35.32 and a beta of 1.02. iShares Core U.S. REIT ETF has a twelve month low of $48.47 and a twelve month high of $63.72. The stock has a fifty day simple moving average of $59.89 and a 200-day simple moving average of $58.68.

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.