Ocean Park Asset Management LLC Invests $1.92 Million in iShares Core U.S. REIT ETF $USRT

Ocean Park Asset Management LLC purchased a new position in iShares Core U.S. REIT ETF (NYSEARCA:USRT) in the first quarter, HoldingsChannel reports. The fund purchased 32,519 shares of the company’s stock, valued at approximately $1,923,000.

Several other institutional investors have also recently added to or reduced their stakes in USRT. Cornerstone Management Inc. boosted its stake in iShares Core U.S. REIT ETF by 2.5% during the 1st quarter. Cornerstone Management Inc. now owns 158,024 shares of the company’s stock valued at $9,353,000 after acquiring an additional 3,787 shares during the last quarter. Roble Belko & Company Inc grew its holdings in iShares Core U.S. REIT ETF by 56.8% during the 1st quarter. Roble Belko & Company Inc now owns 52,109 shares of the company’s stock worth $3,084,000 after acquiring an additional 18,876 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of iShares Core U.S. REIT ETF by 14.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 84,898 shares of the company’s stock worth $4,836,000 after purchasing an additional 10,655 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of iShares Core U.S. REIT ETF by 9.5% in the 4th quarter. Corient Private Wealth LLC now owns 637,498 shares of the company’s stock worth $37,248,000 after purchasing an additional 55,121 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of iShares Core U.S. REIT ETF in the 4th quarter worth about $38,000.

iShares Core U.S. REIT ETF Stock Performance

Shares of iShares Core U.S. REIT ETF stock opened at $64.66 on Monday. iShares Core U.S. REIT ETF has a 1 year low of $55.34 and a 1 year high of $67.00. The firm’s 50-day simple moving average is $64.55 and its 200-day simple moving average is $61.23. The firm has a market cap of $3.78 billion, a PE ratio of 35.32 and a beta of 0.97.

iShares Core U.S. REIT ETF 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.