Independent Wealth Network Inc. Has $882,000 Stake in iShares Core U.S. REIT ETF $USRT

Independent Wealth Network Inc. trimmed its position in iShares Core U.S. REIT ETF (NYSEARCA:USRT) by 70.3% during the first quarter, Holdings Channel reports. The institutional investor owned 14,907 shares of the company’s stock after selling 35,248 shares during the quarter. Independent Wealth Network Inc.’s holdings in iShares Core U.S. REIT ETF were worth $882,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blueprint Financial Advisors LLC lifted its holdings in iShares Core U.S. REIT ETF by 18.2% in the third quarter. Blueprint Financial Advisors LLC now owns 84,094 shares of the company’s stock valued at $4,938,000 after buying an additional 12,927 shares during the period. Naviter Wealth LLC grew its holdings in iShares Core U.S. REIT ETF by 55.7% during the 4th quarter. Naviter Wealth LLC now owns 62,871 shares of the company’s stock worth $3,581,000 after acquiring an additional 22,498 shares during the period. Tectonic Advisors LLC raised its position in shares of iShares Core U.S. REIT ETF by 17.6% during the 4th quarter. Tectonic Advisors LLC now owns 229,606 shares of the company’s stock valued at $13,078,000 after acquiring an additional 34,300 shares during the last quarter. Earned Wealth Advisors LLC raised its position in shares of iShares Core U.S. REIT ETF by 99.3% during the 4th quarter. Earned Wealth Advisors LLC now owns 163,822 shares of the company’s stock valued at $9,331,000 after acquiring an additional 81,633 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares Core U.S. REIT ETF by 4.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 488,351 shares of the company’s stock valued at $28,114,000 after purchasing an additional 19,467 shares during the period.

iShares Core U.S. REIT ETF Stock Up 0.6%

NYSEARCA:USRT opened at $66.79 on Friday. iShares Core U.S. REIT ETF has a 12-month low of $55.34 and a 12-month high of $67.00. The stock’s fifty day simple moving average is $64.86 and its 200-day simple moving average is $61.46. The firm has a market capitalization of $3.91 billion, a P/E ratio of 35.32 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.